If stock price goes down once ratified, the UAW won. If stock price stays the same or goes up, GM won.
Prove me wrong.
2 replies (most recent on top)
11FhWn6F-1hpg
Again, jibber jabber
These are the kinds of Q&A that easily identify non-charters and TA individuals. As if news or current events are the reason a stock moves. You can literally see directions, turning points within the charts itself, well before news.
For example, GM has a gap at 38.5 to fill short term, but another large gap to fill at 33.5. Overall the direction in the next few months is down. Lower highs, lower lows.
If you change lenses and look at an even longer scale, the weekly, the 200MA is providing solid support. It's stair stepping higher. Higher highs, higher lows.
So, how does management vs UAW fit into any of what I just said? It doesn't. The charts show you where price is going if you know how to decipher it. Not with 100% conviction, but from a highly educated guess using indicators and overlays. Some are more easily identifiable than others, depending where they are in their charting sequence.
I don't own GM stock, but it looks like a viable very longer term hold imo. DYODD.