FORD: Trend Analysis
Updated
WATING for bottom to form, and then LONG setup opportunities
Note
Lets see what happens once its below 13.00 which was support now resistance. 10, 11, 12,13, 15, ..18 are all VERY strong fib. numbers. I suspect once its below 13 Ford will reach 12, and if 12 doesn't offer support it will go to 11...meanwhile in full accumulation mode.
Fundamentally there is no reason for this selloff and IMHO will bounce back very strong once the overly pessimistic are done selling there shares.
Note
Ford may not be ready for another 3-5 weeks
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