Daily chart analysis
$F. Ford was in an Accumulation Phase which lasted close to 18 years.
In Nov. 2021, it broke out from Accumulation phase and then proceed to enter a flag pattern. This is the start to Ford Uptrend.
From there, price went on to break the out of the bull flag and continue uptrend. Price is currently respecting all EMAs including 10.
This is my cue to enter. Will look at lower time frame for entry
1HR Chart analysis
Currently in uptrend.
Price has been bouncing between 24.80 and 23.50.
Price is currently at support area of 23.50
Price is currently at Dynamic support level of 50ema
Stochastic is currently at oversold.
Will enter trade long
Entry: 23.80
Stop loss: 22.50
Target: trail 10 ema on daily chart
$F. Ford was in an Accumulation Phase which lasted close to 18 years.
In Nov. 2021, it broke out from Accumulation phase and then proceed to enter a flag pattern. This is the start to Ford Uptrend.
From there, price went on to break the out of the bull flag and continue uptrend. Price is currently respecting all EMAs including 10.
This is my cue to enter. Will look at lower time frame for entry
1HR Chart analysis
Currently in uptrend.
Price has been bouncing between 24.80 and 23.50.
Price is currently at support area of 23.50
Price is currently at Dynamic support level of 50ema
Stochastic is currently at oversold.
Will enter trade long
Entry: 23.80
Stop loss: 22.50
Target: trail 10 ema on daily chart
Trade closed: stop reached:
stopped: 22.50