BY LICIA LESLIE
September 10, 2023
Hi Shoppers,
Check out the hammer in General Motors (Ticker: GM):
We have confirmation on Friday, also.
GM will run into some resistance at those previous highs just under $34, but beyond that it has room to run to that convergence of the 50 and 200 day moving averages which comes in at $36.37.
Looking at the options:
The Sep29 33 calls are about the cheapest on the board.
Use a close below $32.50 for your stop loss.
Trade Review
Amazon (Ticker: AMZN) was up a bit Friday and the chart is still looking bullish.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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