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ericsolan
Jan 29, 2020 7:08 PM

F SHORT potential on trendline breakdown Short

Ford Motor CompanyNYSE

Description

As F breaks its minor upward trendline , a short position is entered with a tight stop.
As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $8

Factors leading to the decision:
Medium-term upward trendline broken
A recent small retracement created a lower-high which is an ideal place to put a tight stop for the trade

As always, use a tight-stop and if it rips down, let it run and trail stops behind.

Comment

Still hangin onto this trade... moved stop to 5.93

Comment

Stop moved to 5.76

Comment

Stop moved down to 5.29
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