lruschel

Ford tests important resistance level

Short
NYSE:F   FORD MTR CO DEL
This is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji.

I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level.

Change my mind if the price breaks the resistance level at 16.09.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.