By Licia Leslie
October 25, 2024
Hi Shoppers,
General Motors (Ticker: GM) has announced earnings and had a very nice rally.
Now it is bull flagging right on support:
I think GM is gearing up for its next leg higher which will take it up to $56.18.
Shopping for options, I like the Nov15 expiration:
The 53 calls for around $1.50 will be a good purchase.
You will be able to sell these calls at $2.50 – $3.00.
Use a close below $52 as your stop loss.
Trade Review
Qualcomm (Ticker: QCOM) could not trade above the 200 day moving average at $174 so no trade was made.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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