F, 3yr wedge ends, September breakout
Solid wedge tested over three years ends over next six weeks for Ford. Although not oversold, RSI(14)=40, the long negative pressure on the stock and investors attraction to its high yield in an environment where the overall market is becoming critical, will garner attention and influence to break up. TP $12. It currently rests at the S1 August support pivot. I do believe the market will correct over next year, so I'm hoping to watch this enfold before it does.
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