F/PB trade ideas
Ford - multiple cup & handle in a rising wedgeCup of tea anyone? Ford seems to be drinking a lot just now, with multiple bullish cup & handle set ups but no successful breakouts.
$7 - 7.5/shr is providing really strong resistance but the stock is coming to the pointy-end of a rising wedge that might provide a break-through.
Waiting on a material break of $7.50 before going long.
Engulfing candle at resistance. Use Ford as hedgeThe market is undoubtedly in a raging up trend, therefore, I usually have many long positions open. Sometimes I will short weak stocks to protect my long exposure. NYSE:F seems like an ideal candidate here after that engulfing candle at resistance. Try to get a good risk to reward entry. Stop loss above $7.45, target near $7.10.
Ford Chart looking good. I got burned once already with Ford on an option play. But with recent changes within the company new Ceo and several changes of focus by the company to Electric this seems like a good bullish turnaround. Chart looks like its forming a possible base for a cup with handle. Any feedback is appreciated.
$F in chatFord chart is pretty, and the company has made some big moves that should lead to futures success.
- New Bronco
- New CEO
- Underprice IMO
Long term slow grind up most likely. Im playing this as a long term hold may become a dividend bag holder.
Historical resistance needs to break but I think accumulating at these prices is easy picking.
Could easily see $9 IMO, might consider selling if we see $12
Ford Motor Corp falls into a "NoGo" trend on heavy volume.Ford has slipped into a "NoGo" trend after battling to stay in a "Go" trend for a few months.
This price correction has also pushed the oscillator into negative territory, breaking through the zero line on heavier than average volume (depicted by the GoNoGo Oscillator's darker blue color)
We will be looking for a retest of zero from below, and if it fails again the GoNoGo Chart will show a low risk entry (red circle) into the "NoGo" trend.
Ford seems like a steady boat. Still new to trading, but my recent option on ford expired worthless and it seems like it doesnt go up much and goes down to 6.50. Recent news has it that they are expanding there production facility. bot sure if it was in Michigan or another state but they are expanding it for there electric version of the F150. Might get an option depending on what it does the next few days.