FORD MTR CO DELLong
F reversal on way after triple bottom?
NOTE: This is the Renko style chart. Have a look at time. I like using this chart style for the simplicity of it to show this analysis.
As you can see, it made a triple bottom and its now at a crucial point of make it or break it. Price is approaching 200ma and resistance trend line. If we can break this I believe it will be the start to a new uptrend. Resistance as is, 11.35-40. A break of 11.40 would be a good indication, but a break above 11.50 and closes above the 200ma would be best.
Targets 12-13
A full blown reversal could see $20+
As you can see, it made a triple bottom and its now at a crucial point of make it or break it. Price is approaching 200ma and resistance trend line. If we can break this I believe it will be the start to a new uptrend. Resistance as is, 11.35-40. A break of 11.40 would be a good indication, but a break above 11.50 and closes above the 200ma would be best.
Targets 12-13
A full blown reversal could see $20+
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