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Dc1392
Oct 15, 2021 5:03 AM

Ford Back in the uptrend channel.  Long

Ford Motor CompanyNYSE

Description

Looking at Ford on the daily chart and you can not get any more bullish than this. Price went back into that uptrend channel, and it broke out of the bullish pennant. Expect Ford to trade sideways a bit, and then we can see a move up higher into the top of the uptrend channel. RSI is just in the borderline of overbought while the MACD is in the green wide open. Giving Ford a 20 dollar price target, but will not be surprise to see it run up higher.
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