In this weekly chart we can see that Ford share price has broken a long term consolitation bearish channel
implications. However, on the 17th of January, the share price reached $13.49 and dropped suddenly back to the support which is represented today by the old channel resistance.
This is a good opportunity to follow up the stock as I believe the share price will rebound to regain bullish
momentum. Stay tuned and look for a reliable reversal pattern in the share price to develop Long strategies in the mid-long term.
Good luck fellow traders