FORD fell after good earnings - now reverses LONGFORD on the 2H chart double topped in mid July and then descended as it had reached
the second deviation line above the mean anchored VWAP. It continued the fall had a bit
of pre-earnings run up and then paradoxically fell with very decent top and bottom line
earnings. If you know why please let me know. After earnings and the fall, FORD reached
the long-term mean VWAP and reversed as can be seen on lower time frames. I see this
as a VWAP bounce, the favorite place for institutional traders to make their trades. A volume
profile and its POC line find the highest trading volumes of the time interval. the MACD
and Price Momentum Oscillators are confirmatory with reversal signals. I will take a long
trade here. The stop loss will be 13 below VWAP. Targets are 14 (25%) 14.5 (50%) and 14.85
(25%). This is a simple trade with $0.25 risk which will be eliminated once price gets
to $13.5 making it risk and stress-free. I have an options trade in mind. Comment if
you want my specifics.