Now on to some boring TA work on $GM (lol). I have been doing some scanning today and thought I would break out the Williams % R scans that I have configured:
Show stocks where Williams %R (14) crossed below -90.00 within the last 1 day
and Average Volume(90) is above 500000
and close is between 10 and 250
One that jumped out at me was $GM. Here is a Daily chart showing 4 Buy signals:
Just a Simple Approach here. Any dip under -75 and you enter a new Long. Use your normal Stop process (or protect with Options if you have that as part of your arsenal).