FORD
Short book: GM broke below earnings support, to follow F soonToday we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').
We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.
$F IS A CLEAR BUYLooking to buy $F at $12.00.
Hereis why:
1) They have a low earnings estimate that I believe they will smash.
2) Tonnes of great new products that sold like crazy this year; Focus RS, Mustang 350, Mustang 350R, Ford GT: ALL SOLD OUT
3) Best Selling Truck in the WORLD!!
I believe the Ford is the most undervalued stock in the transportation sector and I will be holding this buy until it reaches it's last highs of over $40 like I know it can.
Above you can see some estimates of where I think this stock is headed.
FORD MOTORS: awaiting A GOOD LONGFord Motors Co : after not a great earnings and following decline, now FORD looks like possible recovering towards bullish up-trend, or a correction before a downtrend.
So, as usual we have two plans to work with F:
Plan A : today we buy a half of a position and wait until additional signals that F can really recover.
Plan B : in the case that we see during trades this week F will not have confident growth, we need to be prepared to turn the position short.
For more ideas visit: mercuriusam.wordpress.com
Buy Stocks on the Rumor, Sell on the NewsFiat Chrysler to invest $1.5B at Sterling Heights plant
www.detroitnews.com
Buy Stocks on the Rumor, Sell on the News
So looks like channel trading. Lean towards short side more but good options strategy would be great for this type of trade if you know how to trade in this channel choppy side movement trade.
Ford test resistance level with a reversal candleThis is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji.
I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level.
Change my mind if the price breaks the resistance level at 16.09.
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
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