$F Analysis for a friend

Ford Motor CompanyNYSE

Description

⋅ Sep 1, 2017 6:35 PM

While I am not a fan of the stock due to is persistent dislike by wallstreet....

Looking for where to sell assuming you are already in a position.
-Here are some things to keep in mind when looking at the chart

-consolidation is very likely with recent price action that is the first thing to keep in mind for the next few days.

Trend Analysis

Comments

TrilogyAnalysis

⋅ Sep 1, 2017 10:12 PM

It seems I would agree with you here, it looks like F is reaching a ceiling at the decelerating fan lines. It has a nice breakout this week, what will be interesting to see is if it collapses again or forms a continuation pattern to breakout of the fan lines.

TrilogyAnalysis

⋅ Sep 1, 2017 10:13 PM

*it had