octradr

CAN FORD HOLD ON???

BATS:F   FORD MTR CO DEL
183 4 0
1st off. Ford's momentum is slowing. The 50 day EMA has been a good support. Buying under this has earned great rewards, but what makes this different is the fact that Ford has dropped below this line 5 times since late August. This line is breaking down!

All 3 lines I drew are support with 16.35 being the most meaningful. If this support is broken expect a trend reversal.

The other 2 lines are short-term play lines and only useful for quick turnarounds.

If you feel very bullish then it is under the 50 day and buy, but use a closing price of 16 as your stop.

HAPPY TRADING!
octradr
3 years ago
It is holding so far. Buy if it looks like it will close above 17.24. 11/6
Reply
octradr
3 years ago
Overall trend is flattening out. 11/18
Reply
octradr
2 years ago
Trend reversal initiated. 12/19
Reply
octradr
2 years ago
Nearing resistance around 16.50. 1/14 b4 close
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out