Ford to aim for $14Ford is broken out of a long down trend line (since 2014!). Also broke out of a recent $11-12 resistance.
On the Daily chart, it also broke out of a upsloping pennant pattern.
Fundamentally (I'm not a fundamental trader but...), they seems to have some winds going for them as well.
So, target profit 1 is set at $14.
Usually, with such momentum pushing the price it is followed by some rejection as well. And so there will be no target profit 2, and we will evaluate again on future moves.
Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment!
Thanks