Ford Motor 1 Day Sine Language This idea is based off geometric time, Gann, and ease of movement. If all aligns, this should be a fun stock to watch. Fundamentally this stock needs no introduction as one of 2 ( Ford + Tesla) auto manufacturers that have never been in bankruptcy. In addition, Fords attention to new tech in last mile electric scooters and self driving cars is reminiscent of Apple's venture into MP3 players. A better mousetrap. This is a unique outlook and just one of my ideas on a stock that I watch. Please do your own research. This is for education and chart comparison purposes. Thank you.
FORD
Inverse H&S on Ford should be completed early this weekS&P Futures just opened this Sunday afternoon about 40 points up, based on results from the meeting between USA and China at the G20 Summit.
Beta of Ford Stock is 0.7229, and S&P Futures are currently up 45.50 points (1.65%) from Friday's session close. Of course, we will keep an eye on /ES futures as they continue to trade up until the market open tomorrow, but I doubt they will detour much from this monster open we are seeing.
Beta multiplied by overall S&P movement: 0.7229 x 1.65% = 1.1927%
Ford stock closed at $9.41 on Friday, so 1.1927% x $9.41 = $0.11. Thus, Ford stock should open in the pre-market at a default $0.11 higher than its Friday close of 9.41, which would be 9.52 minimum.
At $9.52+, Ford stock will be very close to completing the pattern shown. Upon completion, long position should be entered with a stop loss set at the bottom of the right shoulder and take profit should be set to the height of the head.
None of this considers actual details or agreements made during the G20 summit. It simply shows the chart pattern (as it is forming) and the price levels compared to the greater market.
Ford finally broke the corrective wave low! Time for the upside?NYSE:F has been in a weekly corrective downtrend for the last 4 years. We finally broke the A wave low. Many analysts consider this a "strong sell". Now will crowd psychology think this price is a bargain and start buying? WIll the funds do the same thing?
Time will definitely tell! Personally I will be looking for any chance to go long, as long as there is a valid setup. There is a buy setup brewing on the 15 min chart.
Will this be the start to the upside, or do we have some more room to go down?
What do you think?
Thanks for looking, trade responsibly!
Ford Motor Company, The Big Picture!The MONTHLY has been squeezing all year, and has fired short.
Obvious lack of public interest in this stock currently.
I drew some wedges to adore, and can see this stock either making a bounce to the $14 area from the 236 to retest the 382.
OR it will just fade down to the buy zone labeled in year 2024 to 2026.
I wouldn't touch this, just giving some perspective.
check out my other charts, all very accurate.
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Tesla Head and Shoulder Formation 15m Chart15m Chart is approaching the neckline for this head and shoulder formation. Lots of news governing this stock, but the technicals are aligning for a plunge below the neckline. Gap coverage from last weeks earnings is likely. Short Shorts for Elon boys lets rally!
NASDAQ:TSLA
Auto Sector is a Leading Indicator of Market TopsThis is a custom index using Toyota+Honda+Ford's long term charts plotted against the S&P 500 (both using moving averages to smooth data).
It's pretty simple, when the auto sector is diverging from major equity indexes in a negative fashion, that = bad stuff ahead. The auto sector has shown that it peaks before the s&p 500 does, which makes sense due to fundamental factors. Auto's require lots of capital to build, and a lot of raw materials that are subject to inflation. This means late-cycle inflation often hurts the auto sector before it starts to trickle down elsewhere. Additionally, autos are also subject to credit markets, where higher rates = more difficulty financing cars. This causes purchases to drop due to people having less money to throw around and credit being more expensive.
Ford is at a good buy priceFord Motor Company is at a good buy price. Analysts agree that NYSE:F will likely move towards $13.33 or something. That is why I think this stock is at a good price. The automotive industry is full of peril and hard times, but Ford is a survivor and should have some great longterm appeal. Long till $13 from here or close beneath here.