FORD MTR CO DELLong
FORD MTR LONG OPPORTUNITY
FORD MTR CO HAS BEEN ON LONG TERM DOWN TREND. STOCK TRADED IN A SYMMETRICAL TRIANGLE FOR ALMOST 2 MONTHS (25-MARCH-2020 TO 20-MAY 2020). STOCK HAD GAVE US FALSE BREAK OUT TO THE DOWN SIDE ON 14-MAY-2020, BUT COULD NOT CLOSE UNDER IT ON DAILY CHART. FINALLY CHART BROKE TO THE UP SIDE THAT SAME SYMMETRICAL TRIANGLE AND MANAGED TO HOLD ABOVE ON (20-MAY-2020). YESTERDAY MAY 27, 2020 STOCK GAVE US DAILY CLOSE ABOVE US $ 5.86 (HIGH OF SYMMETRICAL TRIANGLE). SO, WE CAN PREDICT THAT STOCK HAS POTENTIAL TO MOVE UP SIDE TOWARDS US $ 7.40 WHERE IT GOT SUPPORT ON DAILY CHART, WHICH MIGHT ACT AS RESISTANCE IF IT CONTINUES IT'S BEARISH TREND.
AGGRESSIVE TRADERS CAN LOOK TO ENTER LONG AROUND CURRENT MARKET PRICE, WHERE AS CONSERVATIVE TRADERS SHOULD WAIT FOR RETEST OF SYMMETRICAL TRIANGLE BEFORE ENTERING ON LONG SIDE.
AGGRESSIVE TRADERS CAN LOOK TO ENTER LONG AROUND CURRENT MARKET PRICE, WHERE AS CONSERVATIVE TRADERS SHOULD WAIT FOR RETEST OF SYMMETRICAL TRIANGLE BEFORE ENTERING ON LONG SIDE.
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