$F - Can the trend line hold?Ford bounced off of the long term trend line. However, it is struggling to get past $17.50 resistance. If $15.50 breaks, the stock can retreat to $12.66 area.
For now sitting on the side line and waiting to see if the trend line can provide support again in the near future.
However, if the price breaks down to $13 or below, I would be a buyer.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.