GM Surging on Buyback & Dividend News! Can Bulls Push to $50+?General Motors CompanyNYSE:GMBullBearInsightsTechnical Analysis for February 27, 2025: 1. Current Price Action: * GM surged on buyback and dividend news, reaching a high of $50.19 before pulling back to $48.60. * Forming an ascending wedge pattern, indicating either a continuation or a breakdown. * POC (Point of Control) at $48 is the key level to hold. 2. Key Levels to Watch: * Support: $47 (HVL), $46, $45.67 (Major downside risk). * Resistance: $49 (Breakout level), $50.19 (Recent high). * Upside Targets: $50.19, $52+ if momentum continues. 3. Indicators Analysis: * MACD: Bullish but flattening out—needs volume confirmation. * Stoch RSI: Oversold, indicating a potential bounce. * Volume Profile: Strong liquidity at $48, suggesting accumulation. GEX & Option Strategy for Tomorrow and the Week: 1. Gamma Exposure (GEX) Insights: * Call Walls: $50, $52 → Resistance zones. * Put Walls: $45, $44 → Downside risk. 2. IV & Sentiment: * IVR: 40.7 (Moderate) * IVx Avg: 36.5 (Stable) * Call Positioning: 20% bullish sentiment. * GEX Sentiment: Leaning bullish—if GM stays above $48, momentum favors upside. 3. Trading Suggestions: * Bullish Setup: If GM holds $48, consider long positions targeting $50-$52, with a stop at $47.50. * Bearish Setup: If GM fails $48, short setups targeting $47-$45, stop at $49. * Options Play: Selling put spreads at $46 or call spreads near $50 resistance. 📌 My Thoughts & Suggestion: * GM's rally is news-driven, meaning follow-through volume is crucial for further gains. * Holding above $48 is key for a continued push toward $50-$52. * A breakdown below $47.50 could bring $46 into play. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀