linear regression suggests the odds are in favor of this pennant breaking to the upside
Ford has been on the rise for a while now and has formed a very good support line. Until this support is strongly broken I would assume the uptrend will continue. The slow stoch line has been a great indicator of bottoms so don't neglect it. There is also a strong resistance line around 17.68. I would open a long position if 2 things happen. 1. The price gets...
FORD has a strong uptrend and has finally presented an attractive time to get into this game. If you want to play it safe wait for it to close above 16.75. If it starts moving sideways I will re-evaluate the situation. HAPPY TRADING!!!
$F Hitting upper channel with Heavy red volume bars. $SPY gives direction. My next buy area on chart.
Ford is continuing its two week long move upwards. Ignore major fluctuations due to ER (which btw were spectacular!!!!). I am still very bullish on this stock. I think you see upwards movement especially with Dividend and July Sales coming up.
Ford going to $20 is a very real possibility. Good sales and good market data even out of trouble spots like Eurozone
IF confirmed tomorrow by gapping back up to > 13.14, otherwise may continue into cloud territory
I'm looking for a pullback to the trendline. Bollinger bands are telling me the Ford should to come down to the trendline. RSI is showing overbought on the weekly. I would be a buyer on a pullback to the trendline. Feedback if always appreciated! Check out my other charts at www.circafx.com
Buying Area - $9.60 - $10.30 Target Area - $11.40+ Stop Loss - $9.20 Price action may drop down to the "Parallel neckline support" before making a run for the Neckline This may be a longer term setup