Trading idea for General Motors Company (NYSE)

#GM

The general trend is ascendant. The descendant wave structure is truncated. The support level 37.54 restrains sellers. The false breach of the level has formed. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss is under the support level 37.54.

Target levels: 48.06; 65.00.