Fordmotorcompany
Ford with a Fibonacci Entrancement and is a seasonal stockHighlighted boxes showing that Ford is a seasonal stock, probably due to the holidays and people's willingness to buy. There have been volume spikes most Decembers since 2000.
Fibonacci Numbers:
.618 - $11.71
.5 - $11.20
.382 - $11.71
Structural support at $9.00
RSI aiming up.
F Long Term Downward TrendTrend analysis showing a long term declining trend for Ford over the last 5-6 years with proven resistance. Potential loss of 12-15% over the next month as Ford stock consolidates. This downward trend is fueled by weak earnings and a slowing market. Suggested purchase of Put Option @ $9 with expiry date of 08/30/19.