Ford Short OpportunityFord running out of steam on this current push.
Potential for quick short down to $15.57 area.
Entry = $16.25
Exit = $15.57
Stop/Loss = $16.56
Gain of $0.68 per share.
MACD tight on spread, potential to cross soon.
RSI and UO have NOT confirmed divergence, yet.
No confirmation in signals yet.
No volume either.
Wait until confirmed down trend.
If breaks current trend line (dark blue) AND has large volume, then buy
FORD
FordDrop from double top at july 2014 after geopolitical issues, ford hit by multiple problems. especially on cost.
third-quarter profit 34 percent drop in, and revenue fell will push ford into lower teritory.
The next problems is wheater, and it will bring make more damage to ford.
Bearish target at 12.30