F trade ideas
Head & Shoulders Pattern Forming on FLooking to see if this pattern completes. Initially looking for a short term pullback to the bottom of the shoulder / trendline.
I expect the trendline to hold, however I am prepared for the H&S to complete as well.
F Ford trading at bottom of its channelFord looks like a buy here trading at the bottom of its channel. Ford was a better performing in the past when the gov bailed out the autos. Ford continues to be a leader with its new business model of pre purchasing. Defund the police could cause privately run law enforcement to purchase vehicles also.
Ford is toast!This type of chart pattern should capitulate down to $1 or less. Looks like strong resistance at $8 and above, although it could take a good 6 months before this rolls over.
Elliott wave correction wave on Ford?I have recently been learning more about the elliot wave theory - would love to hear some criticism/critique on this ford prediction. Looks to be a a zigzag corrective wave to me (5-3-5) that is developing. (I left out some of the smaller numbers on the zigzag)
Thanks!
OPENING: FORD DECEMBER/AUGUST 4/7 LONG CALL DIAGONAL... for a 2.55/contract debit.
Metrics:
Max Loss on Fill: $255
Max Profit on Fill/ROC% at Max: $45 (17.6% at Max)
Break Even: 6.55
Debit Paid to Spread Width Ratio: 85%
Delta/Theta: 47.07/.53
Notes: A small, bullish assumption trade in Ford in one of my favorite synthetic covered call setups. The debit paid to spread width ratio isn't what I generally like to see out of these, with 75% or less being ideal, but part of that has to do with the shorter duration of the front month (31 days 'til expiry) than I would ordinarily go, so I'm fine with that. As with a covered call, look to roll out the call side on approaching worthless with max being realized on a finish above your short call strike. The take profit is subjective, but I usually like to start out with a take profit at max (here, 3.00 -- the width of the diagonal) and then reduce that target with credits received on roll of the short call (e.g., if you receive a .25 credit on roll, reduce your take profit to 2.75).
F daily analysis Hi friends
the daily chart of this market shows that it will experience an uptrend but also it is better to be vigilant of the change of this market towards the opposite direction
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Ford, Cup and Handle Decision PointAs I pointed out at the beginning of July, Ford is forming a bullish cup and handle pattern with a key decision point at ~$7.
That decision point is now here. Are we headed back up to $9 and beyond?
