Ford Update - Checking back in with Ford, we do expect some more downside to the stock at the moment. The market as a whole is taking a breather after RSI levels hit overbought regions. Virus cases are increasing, earnings season is approaching (which we are expecting to be awful), investors are taking some profits and some are beginning to move funds into fixed securities. Then again, the way things have been going, it's possible for the FED to keep printing and perhaps another bailout package could be released to push this market through the roof. Time will tell.
Entry Points we're watching for Ford for a long play:
$5.15 region
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.