TradingView
AwesomeAvani
Aug 12, 2023 3:24 AM

FORD watching for a reversal from deep oversold LONG Long

NYSE:F60
Ford Motor CompanyNYSE

Description

⋅
FORD on the one hour chart has been trending down with dynamic support from

anchored VWAP lines. However the zero lag MACD is showing some bullish divergence

with upgoing MACD and signal lines in parallel from a cross under the histogram

which converted red to green. There was an associated spike in volume in the range of 3x

the mean. The last earnings report only a few weeks back had a significant beat on the top line.

I will place FORD on my watch list for next week. I likely will take a long trade on

Mondday 8/14 with planned targets on the chart based on VWAP standard deviation line levels.

I am especially interested to see if FORD will go on a bull run and fill the volume void

from 14.25 to 15. If profits are taken off 40%, 40% ane 20% this trade could realize 20%

in profit.

Trade closed: target reached

⋅
More Sideways action holding support
OscillatorsMoving AveragesVolumeFORDGMTesla Motors (TSLA)automotivereversalanchoredvwap
Comments
AwesomeAvani
⋅
Hi thanks I am not familiar with Fischer. I follow FSR as weel but FORD has more cash on hand does not burn it is diversified and has a long history FSR far more speculative and risky
and a low or no production schedule and trades on the futures which could change.. on balance Ford is safer but with not as much upside and so looks better to me.
kvandre12
⋅
maybe peak at Fischer too(fsr -- ev maker, better price point, needs to catch up production)
kvandre12
⋅
could go down to 10 before a reversal buddy
More