FORD
F Downtrend BreakoutOn F, we have bounced off the POC (Point of Control) Monday and found our way out of the downtrend channel.
No gaps left behind to fill which is also a good sign.
We have some support on this run up (green line) which we are following to our target, which is set at 16.00 - heavy volume on the volume profile.
I have yet to see some good volume come out of the breakout so be cautious
Ford has Reversed!Looking at the 6 month trend for Ford we can see that a reversal is finally happening from the selling side to the buying side! After this 2 week long sell off from our high of 16 and dropping to lows of 14.50 the selling might be starting to slow down and we can see some upwards movement from here back to 16. Ford will be releasing earnings from Q2 here in the next month and is expected to beat analysts expectations which is a very bullish sign. The pre-orders for the F-150 lightning and the Bronco have been through the roof being the main driving factor behind these revenue beats. I believe this should provide for a strong bullish push on Ford here in the next few months.
This is my opinion.
WallStreetBets and ARK invest use same PUMP???If anyone uses the same pattern of behavior it becomes easy to detect it. I remember the very first time I found similarities between Crisper and NASDAQ:TSLA Tesla, then similarities between NASDAQ:AQB and NASDAQ:BNGO . there are many different companies with the same price pattern and the missing part of the chain was always ARK invest..!
Look at Ford NYSE:F Volume Pattern:
Tesla and Crisper:
AQB and BNGO:
I don't think I'm delusional..!
Ever since I found Bill Hwang was the person who provided the seed money for the first 4 Thematic ETFs of ARK investment, I think anything could have been done by them! I became more suspicious when reading Cathie woods interview:
"He did provide the seed for our first four ETFs, and we were very grateful to him. It was at a time where market makers were sick of seeding new strategies,"
Wood said she had sent Hwang a note "wishing him well" after the Archegos collapse. Wood said she had no idea if Hwang had remained a shareholder in Ark ETFs.
Who is Bill Hwang?
The CEO of the Archegous family office with a Brilliant financial history!
He'd been accused of insider trading by U.S. securities regulators or that he pleaded guilty to wire fraud on behalf of Tiger Asia in 2012.
The SEC maintained its prohibition on Hwang managing money for clients, preventing him from getting back into the hedge fund game.
Do you know the meaning of Archegos?
Archegos is a Greek word that means one who leads the way.
I will not wonder if it turns out Cathie Wood was led by Bill Hwang in the past 7 years.
Do you think it is possible Cathie Wood Doesn't know Bill Hwang is still a shareholder in ARK investment or not? the very same guy who provided the seed money..!
Reference:
www.yahoo.com
www.bloomberg.com
Ford is the new Tesla, long to $80Price is looking like it wants to retest the top of this trading range at $19. If it breaks, Ford is going to Mars.
The market's trend has been bullish on companies moving to electric vehicles. Reference $NIO and $TSLA. Ford making this move and going "All in" on electric vehicles is respectfully in my opinion, uber-bullish.
Technical analysis: RSI in bullish territory on the weekly. Record level volume. Great support tap off the heartline of this trading range. All signs lead to higher prices.
I am long here. This is not financial advice, I am an ape.
Something also to note. Tesla's market cap is 600 billion, while Ford's is 58 billion. Tons of upside potential for Ford if they do this electric vehicle thing right.
Tesla cult members, the title is satirical, please do not kill me.
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Only sky is the limit for Ford. Ford is breaking multi-year trend line (since 1999) on strong catalyst. Above all SMAs = mega bullish.
TSLA got new rival with much better production capabilities. News about new F-150 truck and increasing battery capabilities look very promising.
Enter here for monthly swing with targets at 18 and 21 and 30.