Ford has been on the rise for a while now and has formed a very good support line. Until this support is strongly broken I would assume the uptrend will continue.
The slow stoch line has been a great indicator of bottoms so don't neglect it.
There is also a strong resistance line around 17.68. I would open a long position if 2 things happen.
1. The price gets closer to the support line and the red stoch line gets under 20.
2. A breakout over 17.68 occurs.
HAPPY TRADING!
The slow stoch line has been a great indicator of bottoms so don't neglect it.
There is also a strong resistance line around 17.68. I would open a long position if 2 things happen.
1. The price gets closer to the support line and the red stoch line gets under 20.
2. A breakout over 17.68 occurs.
HAPPY TRADING!