I just learned about Elliot Wave so I decided to try and apply it to Ford. See my immediate preceding two publications for a more in depth analysis of Ford. The very top resistance line I drew (the number 5 spot at the top of the wave) is based off a resistance from about a year ago--December 09, 2016 and January 04-05, 2017. I plan to wait for a bounce off the...
I am not a professional. I am not certified, licensed, or employed by any person or institution to give financial advice. I currently have shares of Ford I plan to hold for the long term and am considering purchasing a long term Call Option in Ford. I am going with Ford for the long term. If you want a short term analysis of Ford, look at the post I published...
I am calling a short term retracement and long term Bull for Ford. I think it is currently consolidating, or building up pressure, to break out of a roll and continue it's up-trend. From the beginning of October 2017 through the end of November 2017 it consolidated/rolled between a $12.00 support and a $12.40 resistance. That is after dropping to a $10.47 low in...
I believe F is undervalued @ these current prices. A healthy current ratio of 1.2 and generous dividend make the stock attractive for the medium/long term investor. The past 3 earnings report has exceeded expectations and propelled price to break out of the technical CTL. An immediate $14 target is my projection with $16.50 and $18 being long term swing...
Allison Transmission (ALSN) is one of the worlds largest transmission manufacturers. The company has recently developed a new transmission model that helps to improve fuel economy. The company is set to release its 3Q earnings Monday, Oct. 30 with a conference call on Tuesday, Oct. 31. US car production is coming off of its low back in 2009 and has increased to...
When cars and homes were destroyed, those industries got a boost. LPX makes wood-panel sidings for homes and saw a 15% increase. Auto makers like GM saw a large increase as well this past month. Is it coming to an end for GM? Can it go higher? Is a good entry in sight? I believe so. The trend angle increased, representing strength, and the price action in terms...
Ford Motor Company has climbed quickly in the previous month. Overall auto sales are in rough shape and could be this way for a while. According to the technical indicators and the historics, the stock has a good chance of coming back down to Earth which is laid out here. Ford loves to flirt around the 11 mark. Will it head back to it once more? When we look at...
Ford took a sharp dive to ~$10.90 this morning after sales numbers failed to impress traders. This leaves active traders with an opportunity to "call the dip". Call @$11, hoping for $.50 - $.75 gain.
Appears to be a simple bull flag. Looking to buy once we break the low, and find some bullish evidence!
We like GKN over the medium term and hoped to see the shares break to new highs. This is looking increasingly unlikely in the short term as the shares stall at resistance. The bearish divergence on the RSI and the relative ratio is a concern. If the shares close at this level or lower (329p) then we will also have a nasty looking bearish engulfing candle. Maybe a...
Hello Traders, I have been fiddling with the idea of applying the same model used to predict Financial Markets to Economic Data.This is my first attempt at applying the model to such data publicly. Consider this post an experiment. Taking into consideration some fundamentals (and a little bit of rationalizing); Since the auto industry bail outs of 2008-2009...
GKN has outperformed the benchmark index by over 10% in the last 3 months. The shares have completed a base formation on the weekly chart and look set to push higher over the medium to long term. Buy with a stop at 296p. We are targeting a move towards 416p
Will a negative ER hamper the stock price all quarter, or is investment ready to begin scaling in again?
Ford will recover to at most 13.4 or at least 13.2 this week, based on the low/high seen in this pitchfork.
I am late in shorting the first turn away from the upper level of resistance. However the price action may continue to drop to the lower range of the upper bear channel, 239 area. I do not prefer the risk to reward at this point in time and am watching for a retest of the 248-254 range to short in the first 5-7 trading days of May. A more aggressive approach...