GM 2618 and demand zone long opportunity
No matter how hard this company had tried, how many good news it had, how good the stock market is, and how charming it is for value investors,
GM literally did nothing on the last 2 years' bull market.
As TSLA became more and more controversial, car investors may also have a look on this super low-PE stock.
Indeed, it had terrible relative weakness than its peers based on the stock price performance,
but it had solid earnings quarter by quarter and a very fair pricing on this bull market,
I believe it still can play as a defensive role on the portfolio!
It had a exhaustion gap around 38-39 , so I would more like to make use of the recent pullback to long this 2618.
Let's see how it goes!
GM literally did nothing on the last 2 years' bull market.
As TSLA became more and more controversial, car investors may also have a look on this super low-PE stock.
Indeed, it had terrible relative weakness than its peers based on the stock price performance,
but it had solid earnings quarter by quarter and a very fair pricing on this bull market,
I believe it still can play as a defensive role on the portfolio!
It had a exhaustion gap around 38-39 , so I would more like to make use of the recent pullback to long this 2618.
Let's see how it goes!
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Stopped out~
