FORD MTR CO DEL

Long

F Post Earnings

By Ronald_Ryninger

Updated

Overview:

F like most automakers is facing a chip shortage with is hindering sales
Chip shortage should prove to be temporary (not definite end in sight yet) which is creating a discounted entry point

Current Trend:

Was recently in an bull trend that ended

Trade Plan:

Slowly scale into position around when price dips below $11.37
Target Profit:
- Sell 50% of position at $12.50
- Sell remaining position at $13.50
Stop Loss:
- $11
Risk Reward Ratio:
- My trading plan dictates at least 2:1
Disclaimer
Not investment advice. Thinking out loud in a crowded room.

Trade active

Avg Entry: 11.37

Note

Sold 50%: $12.50
New Target: $13.50
New Avg Entry: $11.31
New Stop: $12.00

Trade closed: target reached

Sold Remaining 50%: $13.50
Return ~14%

Ronald_Ryninger

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