BAC
Long

Ford Motor Company: double bottom vs. news

NYSE:F   FORD MTR CO DEL
16 0 0
US auto giant Ford Motor is going to recall more Mustang and GT             vehicles due to the failure of airbags produced by Takata. The company is expected to recall around 502,500 autos.

On the one hand, some news related to the auto maker was reported in the media, while, on the other hand, there is a clear double bottom reversal pattern with the first target at USD 15.

The stock looks quite positive on fundamentals. I think the stock can be picked up at USD 14.46 given the current news flow.

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