General Motors Company
Short
Aggiornato

GM Overbought Intraday

57
I have no idea why this is going pumptarded, but it's overbought on the intraday and pretty close on the daily.

Small position in weekly puts, already dropped 12c since I bought them....


Note: This may be a day trade or a quick flip tomorrow morning.
Nota
Appears to have rolled over after a surprise double top. Target is a modest $37.5, top of last peak. Old resistance is new support so I've been told.
Nota
Looks like an exhaustion gap. We'll see tomorrow.
Trade chiuso: stop raggiunto
Obviously not a reversal pattern. Bailed with a loss on this one. I think it's strictly a dividend play with rates being cut.

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