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
FORD
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.
Ford Motor Company recoveringAfter a sharp sell-off, due to the factory fire that temporarily shut down production, and expected under performance in first quarter earnings. It now seems like Ford is gaining some strength again. The earnings call provided a pleasant surprise to share-holders, topping estimates made by Thomson Reuters. With an 18% surge in revenue from Europe, and plans for more expansion in Asia-Pacific, 2018 is beginning to look more promising. The charts look promising as well. We have a clear ascending channel that prices have been bound by since the earnings call. We bounced off the bottom support at the beginning of the week, and we have now seen 3 consecutive green candles. We can expect to meet the upper resistance of the channel within the next week, and we will look for a break above the $12.00 price point to signal positive action. The June 15th call option for $11.87 strike price looks very promising. This is not financial advice, just my personal opinions. Do your own research.
Ford_(NYSE:F)_March_11_2018Ford along with GM and FCA are known as the big three and is synonymous with the American Automotive Industry. Since being founded by Henry Ford in the early 1900's Ford has lasted a century braving through the ups and downs of history.
During the Great Recession of 2008, Ford was the only automaker to have not filed for bankruptcy, giving credence to their management team and strong leadership culture. However, since reaching a high of about $18 in 2013-2014, the stock price has been in a steady decline. Last year when the entire world economy was bullish, the Ford stock kept edging lower finally finding support around $10.
Currently, it seems that the stock is experiencing some upside as confirmed by the bullish channel pattern that has formed over the last few months. The short moving average (50 day) is approaching the long moving average (200 day) in a bullish manner. However, the factory fire resulting in complete shutdown of the F150 production has dented the pattern somewhat. I think, Ford may be a long based on the current pattern. Although, I want to confirm that the support formed by the lower bound of the channel holds in the next few days. If that holds, the stock may rise upto $12 as indicated by the Fib Analysis. The coming few days will tell how good/ bad the situation is.
Ford (F) Uptrend, Short to Mid Term BullI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Ford (Ticker: F) is in an Up Trend. Immediate area of resistance is the 100 Day Simple Moving Average sitting around $11.45. If it can blow past that it should reach my Resistance Trend Line around $11.80ish before coming back down to hit Up Trend Support, and repeat...hopefully. Ford gapped down on January 17th of this year and that opening is another resistance line Ford needs to break. I've drawn a green horizontal line to show that price. I have no projections or guesses on how long Ford will keep this trend, or if it will stay on course to trend all the way to the gap line, but I've drawn my trending Resistance and Support lines out to meet the gap to track the movement.
Ford at Multi-Year Lows | Bears Seem to be ExhaustedFord stock price is relatively cheap, trading levels it once traded five years ago.
Since the stock price is cheap, I would just place my stop at $8.40, looking for price to hike up somewhere over $13, $15 and $17. I would simply move my TP's as it goes up.
FORD Lareal Scenario for the Mid TermIn this weekly chart we can see that Ford share price has broken a long term consolitation bearish channel with bullish implications. However, on the 17th of January, the share price reached $13.49 and dropped suddenly back to the support which is represented today by the old channel resistance.
This is a good opportunity to follow up the stock as I believe the share price will rebound to regain bullish momentum. Stay tuned and look for a reliable reversal pattern in the share price to develop Long strategies in the mid-long term.
Good luck fellow traders