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...
Ford has been breaking out from a major long-term downtrend and has been moving upwards since 18-Aug-2017 from $10.46 and the currently ranging at $12.04 and 12.13.
However there is a pinbar on the 4th of Oct 2017 and there is no sign higher movements at the moment. So Ford might be consolidating from this rally.
Action: Watch $12.50