Bull ABCD on Ford Bull ABCD on Ford. Mustang Sally has hit a low that it hasn't seen since July of 2012. this is a .382 retrace TP but could go to a 50% for riskier setups.
Fordmotorcompany
Ford - Will Support Hold? (Month Chart)NYSE:F Ford has a chance to dive into the dumps at this point in time. Many factors are contributing to the recent downtrend we seen since mid-June / July such as tariffs and the major expenditures planned to move the companies focus to its most profitable markets and products. All aside, from a technical perspective I am very interested to see how the support shown is going to hold. The volume show seems to indicate healthy market activity with no anomalies. Thought the last month we have seen weakness for a continued downtrend, it may not be over. Also, I would like to see a hammer candle with appropriate volume at this point to verify a potential reversal or greater interest on the buy side. NYSE:F
I would appreciate any feedback on a long term and short term basis and conversation around Ford. (Being my first trading idea post information you think is missing that I might look to add in future post)
Best Trading,
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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