Long Bias on Ford
Ford Has broken out of a triangle retail formation and has successfully retested strong levels of support. Ford will continue to push higher if reoccurring positive news comes out and it follows a positive correlation in its fundamental side, positive returns, profitability, etc. This is not a day trade but rather a long term hold. Ford has made similar movements and analyzing its historical data, its very likely that this trade will play out right. The take profit is extended to a 200% mark on the fib and that is a final TP, take profits along the way, secure your position with a stop loss and be safe out there! Anything can happen.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.