GM building a base

Posted on May 27, 2011 by Stock Trade Journal

So far, the mean reversion trade from oversold conditions has been working like a charm this week. I like  GM here as it continues to hold the line and builds a base at oversold levels. The Reward vs Risk looks decent here as the stock can potentially rise to $35.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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