F - Is it going to be a good Christmas with Ford?

Is it time for a reversal for F ?

Since early 2022, Ford's Price Performance has not been pretty good for their investor.
In the recent stages, the price has formed a consistent Downtrend Channel since July 2022.

Potential Bullish Divergence from its weekly chart MACD Oscillator might hint us at a reversal but surely need trend reversal confirmation from the daily chart.

If the price cannot break $10.64 as its neckline in an imaginary double bottom potential, then we need to at least see any bullish divergence potential in the daily chart from the oscillator.
For bullish divergence to appear, the price needs to go lower than $9.63 but the oscillator keeps making a higher low.

If the price can break $10.64, the nearest target is the double bottom pattern target at $11.61

You may also manage your risk for entry when the price breaks the minor downtrend as shown in the picture below:

Performance-wise, in the last 20 years, December only has a 40% rate of Positive Return with only a 20% winning rate in the last 10 years.

There are still 2 weeks in November, and it has 67% winning history since 20 years ago and 73% winning history in the last 10 years.

I'd probably go Long for this opportunity until the end of November 2023.

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