FORD Lareal Scenario for the Mid Term

In this weekly chart we can see that Ford share price has broken a long term consolitation bearish channel with bullish 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
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