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.
F trade ideas
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.
Ford - 7 Year Downtrend Channel Ford has been stuck inside this downtrend channel since 2013. The stock has is up 130% since its recent March lows and we're once again approaching resistance at the top of the channel. We've been scalp trading on Ford for nice gains over the past 6 months but are not in a position now. If we're finally able to break out of this channel, we would look for support and then make our move for a long play. We would like to see a $15.88-$16 target if this occurs, but still too early and we'll wait for confirmation.
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Ford close to the trend reversalFord (NYSE:F) formed a falling wedge. It tests the resistance line on a monthly chart. The stocks are confidently recovering, there are signals of a reversal of a long-term downtrend.
Recently it has become known that Ford invests $100 million in a plant in Missouri. The investment is part of more than $11.5 billion that Ford will spend on electric vehicles through 2022.
The company marked it wants to release its most iconic ICE models in electric versions. The popularity of electric cars is growing, especially during the oil crisis.
Best regards EXCAVO