Short

Is the Run Done?

Updated

COO sells 90,000 shares on 3/10...
Ford recalls 2.6 million vehicles...
Ford warns of potential loss due to extended chip shortages...
Ford announces 2 billion offering...
MACD crossing signal...

Note

Keep an eye out for institutional ownership drops currently at 52.33%

Note

Sell Signal trigered, moving into donwtrend

Note

Broke 2 supports, news on possible union action, below 50 MA... no idea where the bottom is but 11.91 next support?

Trade active

The chip shortage is real!
Approaching next support, after that 50 MA, if break 50 MA.. ouch

Short at 13, I want to setup trailing stop but, the early morning rises followed by the end of day drops would cost me some gravy.

Note

FYI, 50MA im referring to is on the 1D not the 4h

Trade closed: target reached

Note

The only reason this took so long is because of sketchy news pumps and overly optimistic band wagoners.

It's nice to be long on what 'could be' (referring to EV news) -- but you still have to pay attention to 'what is' (chip shortage)

kr3sk1n

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.