F, 3yr wedge ends, September breakout

Solid wedge tested over three years ends over next six weeks for Ford. Although not oversold, RSI (14)=40, the long negative pressure on the stock and investors attraction to its high yield in an environment where the overall market is becoming critical, will garner attention and influence to break up. TP $12. It currently rests at the S1 August support pivot . I do believe the market will correct over next year, so I'm hoping to watch this enfold before it does.


I agree. I have a small position long. Will continue to add to it over the next several months. From my fundamental research, they have strong leadership in place to drive this company into the future.
Re-release of the iconic Bronco and Ranger in 2020. New hybrid vehicles should do well, Light trucks and Mustang still sell very well. And the Lincoln brand is doing very well.
Heavy investment into future technologies. And are pushing hard into the global market. All seems like the upside to me. But it won't be a free lunch. It will be a bumpy road to the upside. All puns intended. lol. If you have a dividend/growth portfolio Ford is a no-brainer, (in my opinion). Just look Areas of value to get in and don't panic when you see huge pull-backs because that is just how the auto-industry is. Focus on the dividend growth. If they start to cut dividends, then it's time to get nervous.
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