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JacobButlerTrading
Oct 22, 2015 5:12 AM

F: Support or Resistance. What will win? Long

Ford Motor CompanyNYSE

Description

Price seems to have hit a wall at 15.60 after the bullish cross of the blue 7-month long resistance trendline. Momentum is waning at the moment but OBV is increasing and MFI and RSI are both extremely bullish at the moment. I expect a retracement to the support line and then a punch through to 16.60.
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