Ford Motors has pulled back more than 50% from 2022 highs. It has been testing the major support trend line (WHITE) running from Mar 2020 lows.
This is a weekly chart and you can notice it's breaking the major support trend line and 200 EMA weekly.
I see Ford to test the $10.72 support levels and have a technical bounce testing the white trendline around $12-$13.. and eventually test the other support levels $9.6 (Orange) and $8.01 (Green).
Each support line will give a good technical bounce. One can buy at these technical support levels and swing trade for quick profits.
Let me know your thoughts in comments
This is a weekly chart and you can notice it's breaking the major support trend line and 200 EMA weekly.
I see Ford to test the $10.72 support levels and have a technical bounce testing the white trendline around $12-$13.. and eventually test the other support levels $9.6 (Orange) and $8.01 (Green).
Each support line will give a good technical bounce. One can buy at these technical support levels and swing trade for quick profits.
Let me know your thoughts in comments