It is still to be seen if larger structure in Ford will play out:
At the same time on smaller timeframe,
F
may be in process of forming inverted H&S.
Yesterday's gap down on credit downgrade was bought rather nicely, and while sentiment on company still remains negative, it may actually push the price much higher.
In H&S trade, I would be looking to cross 9.65 with target @ ~10.5 (previous local high)
At the same time on smaller timeframe,
F
may be in process of forming inverted H&S. Yesterday's gap down on credit downgrade was bought rather nicely, and while sentiment on company still remains negative, it may actually push the price much higher.
In H&S trade, I would be looking to cross 9.65 with target @ ~10.5 (previous local high)
