Peet_Serfontein

F: spring tension trade?

Long
BATS:F   FORD MTR CO DEL
A price action above 12.00 supports a bullish trend direction.
Bullish confirmation for a break above 13.00.
The target price target is set at 13.50.
The stop-loss price is set at 12.00 at its 200-day simple moving average.
Notice the price action between its 200-day and 200-week simple moving averages, which might result in a spring tension trade.
Remains a risky trade,

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