Ford 15% up easily if they get some government supportFord seems has passed the 1st wave of shock and things are getting stable. It Can easily go to $5- $5.10 if there be some supporting news from CEO or government. And since it is a mother industry, its more likely that government will help them to make less job loses. tomorrow morning if the market be stable I will buy and then sell it same day at noon or tomorrow Friday.
Fordmotorcompany
Ford with a Fibonacci Entrancement and is a seasonal stockHighlighted boxes showing that Ford is a seasonal stock, probably due to the holidays and people's willingness to buy. There have been volume spikes most Decembers since 2000.
Fibonacci Numbers:
.618 - $11.71
.5 - $11.20
.382 - $11.71
Structural support at $9.00
RSI aiming up.
F Long Term Downward TrendTrend analysis showing a long term declining trend for Ford over the last 5-6 years with proven resistance. Potential loss of 12-15% over the next month as Ford stock consolidates. This downward trend is fueled by weak earnings and a slowing market. Suggested purchase of Put Option @ $9 with expiry date of 08/30/19.