Kontoeidis1989

Ford no bullish signs as of yet

Short
NYSE:F   FORD MTR CO DEL
Ford is still negatively configured across the board.
Nothing positive still on the chart in terms of cyclical analysis.
Lows are violated and is now currently sitting at 38.2 fib. Rallies still should be sold.
If we experience a stock market bounce F might hit the 50% fib around 11.85 , i doubt it though.
Most likely it will return back to the $10 level.
Nothing positive on the chart yet.
No sign of basing or capitulation as of right now. Still bearish on the stock.
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