fonzotrader
Long

Perfect entry for a great company

BATS:F   FORD MTR CO DEL
170 0 0
A couple of days ago I was still skeptical to trade Ford. The stock price was just over its resistance level and I had a feeling that it would drop back again. It proved out to be a false breakout. I expect this stock to breakout this time given that an ascending triangle pattern is present. After this I expect it to continue its upwards direction.

Price Target: $18
Entry Price: $17

**Tommorow i'll post on my website, http://fonzotrader.com , a more thorough analysis on this stock.
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