The auto sector has not been a kind place to investors for quite some time now. Just take a look at the performance of General Motors( GMGMQ) since October 2007 when the stock was trading hands at around $42 a share. Now that GM has filed for bankruptcy, the stock is not even listed on the NYSE anymore, and it has plunged all the way down to current levels of around $1.40 share.

That is a monster loss for anyone who held the stock all the way down and ignored many of the warning signs evident from the stock's chart. For example, the stock broke many support levels and key trend lines and did it on huge volume. These were all indications that the stock was under heavy distribution and not accumulation by the large institutional investors.

General Motors wasn't the only victim of the auto sector nightmare. Companies such as

Ford

(F) - Get Report

,

Tata Motors

(TTM) - Get Report

,

Lear

(LEA) - Get Report

and

Toyota Motor

(TM) - Get Report

were all hit hard and saw large declines in their stock prices. As is often the case with any sector, when one company is in trouble, the entire group is at risk.

Even motorcycle maker

Harley-Davidson

(HOG) - Get Report

wasn't spared from the massive selling pressure that took the auto space lower. Things became so dire at Harley-Davidson that Warren Buffett had to inject $300 million into the company with an impressive 15% annual interest rate for his investment. This was clearly a sign that Harley was desperate to raise capital and that the consumer spending environment for motorcycles was nonexistent.

However, now that General Motors and

Chrysler

have filed for bankruptcy, it could be a great a time to look for buying opportunities in the auto space. When the news is so bad and investor sentiment is extremely bearish, it will often signal a bottom in a sector. Right now you can make the case that this is the situation in the auto complex. In fact, the stocks of many auto companies are starting to trade as if the worst is over.

With this in mind, let's take a look at a few auto stocks that look enticing based off of their charts.

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