GM continues

General Motors continues its ascent. It provided an opportunity to add more around $40 last Friday just before it ripped higher. This morning it continues to move higher as it breaks out of a “Flag Pole” type pattern despite the weak tape. There is lots of momentum and interest in the name and it shows on both price and volume. There is high probability GM will continue to move higher.

GM Daily Chart

GM Daily Chart

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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