General Motors Looks Much Better Now

A little over a month ago, on December 2nd, we published “General Motors Poised For a Correction?” to warn you for the weakness suggested by the Elliott Wave Principle. While General Motors(GM) stock was flying above 36.20, here is how we saw things. We thought the stock is likely to fall, because there was a…

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General Motors Poised For A Correction?

General Motors(GM) stock has been doing great since August, when it started rising from 24.70.  Currently above 36.00, the stock is getting more and more attractive. However, investors might want to wait a while before jumping in. The chart below explains why. According to the Elliott Wave Principle, every five-wave impulse like the one shown…

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Future looks bright for General Motors

General Motors stock began its uptrend in July 2012 at a price of 18.80 and made an impressive run to 41.66 in December 2013. Unfortunately, what happened next came as a surprise to the majority of investors, who thought the uptrend had just started. In less than a year General Motors fell to as low as…

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