F trade ideas
Ford (F) is a buy, suitable for long term, potentially shorter. fords long term trendline is bullish since the start of covid, and the tred became steeper that past several weeks. ford may be ready to reach new highs, approaching 10.00 in the next month. It isn't Tesla, but not as risky either. Don't buck the trend. The trend will show you where the money goes.
by it at 8.88 - 9.00 per share, while you can. With oil prices rising, cars should follow suit.
F Bullish - Room to Grow in Rising Wedge. F
12/20/20 810pm pst
Room to Grow
No strong feelings, just trying an old stock.
Looks like F has some room to grow in this faint rising wedge.
I really like the orange horz price lines drawn out- they go back multiple years. It looks like the stock may bounce up from the 8.80$ price line towards 9.73$.
FORD LONGThe stock shows high institutional interest, with a confirmed trend reversal to the upside, seems like an incredible buy at current prices, the positive reviews are of Ford's product like is fueling the new uptrend.
Company description
Ford Motor Company , commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. Wikipedia
Points to consider
New Ford F-150 is equipped with an airline-style sleeper seat that reclines all the way back
Ford Fiesta Active X review: this hybrid is less about efficiency and more a sop to EU legislation
2020 Actual Trade: F +18% Profits
Notice tight range between 6.5-7.3 for three months duration (July - October)
Breaking out 7.5 resistance in October means engine has been turned on
Pullback process or short-term consolidation offers the best timing to get on the car and fasten seat belt for a ride
About 6 sessions later 10/20 appeared a perfect entry point at 7.82
F ran fast and changed gear with a little pullback but strong support around 7.7
Then, F kept pushing pedal, changing gear and running uphill for about 6 weeks to its finish line with +18% profits on 12/10
Ford trading sideways. Ford seems to be trading sideways, and it gets close to the line of resistance and gets rejected. Some news is needed or high volume to push the stock past the line of resistance. Ford bronco could be the catalyst that pushes the stock up higher, or the reinstatement of dividend.
Ford shorting zoneFrom the current price up to about $10.45 is a good place to start short positions. Various targets are below, retrace to $6.50ish where the 200dma is looking like a good minimum target. $5 seems also somewhat probable, a black swan event could bring price as low as $1-$2. Using 2022-2023 $7 puts.