Ford Also Driving Lower?Ford - Short Term - We look to Sell at 19.84 (stop at 21.31)
Preferred trade is to sell into rallies. Closed above the 20-day MA. The medium term bias remains bearish. Previous support, now becomes resistance at 20.00.
Our profit targets will be 16.17 and 13.62
Resistance: 20.00 / 25.00 / 30.00
Support: 16.00 / 12.50 / 10.00
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FMC1 trade ideas
Ford (F) -- Clockwork.Hello everyone,
Ford has repeatedly made local tops, dropped a slight bit, overextended itself past the prior local top (by about 20-25%), and come down to retest the prior local top 3 times since Fall of 2020. After each of these retests, Ford has proceeded to make an extremely bullish move of 40%+. Given the recent 55%+ move made by Ford and its habits of retesting previous local tops in the last year, a pullback to around $16 and subsequent bounce of approximately 50% to reach a target of $25 seems exceedingly likely, if not inevitable. This is of course conditioned on the market continuing to remain relatively bullish, as well as Ford's ability to continue to improve their company's outlook, which the current CEO has demonstrated he is capable of doing.
The outlook for Ford is extremely bullish over the long term and buying this stock (which has not made an all-time high since the 1990s!) at any level under $20 is an opportunity, even with the continual bullish move since 2020. Watch this space.
All the best,
Jason
Ford is Breaking Out!Ford is breaking out! I bought some $13 Calls a week or two ago for .07 a contract and am currently up over 600%.
On this weekly chart you can see the breakout from a long bear trend. I am experimenting with the harmonics so let me know where I messed up, but I'm think I'm pretty close and that this is a valid projection. My target for Ford is $21.90 by August 2024 lol.
On the 4hr you can see the gap that I think will fill as we back test support. If this happens I will look to add to my current position and open some new positions with a longer expiry.
I am LONG Ford! Owhoooo!
What comes first? $15 or $25?Ford testing a breakout of a long term supply/consolidation zone
Possible resistance line turned support
Choppy price action above current zone
Bull gap below 16.55-15.92 at MA200
Earnings after market 2/3
Has correlated with SPY often
ATR on 1d is 1.09
Neutral for now - trading contracts not holding stock just yet
Ford Looking ready for new all time highs. Daily chart on Ford is looking pretty bullish to me. Combine the chart setup with earnings on Thursday and with pre orders of their evs soldout i expect ford to beat earnings and give a good guidance heading into the next few quarters. MACD looks about ready to close red and turn green, while RSI is heading up. GM had earnings which were mixed but not bad in my opinion. Ford has been my winner during the past few months with the market being in red. Im giving Ford a 30 dollar price target. Long term price target of 50 dollars.
$FORD will buy me a FordIntersection incoming on the 1D
Still trading in range
Gap and support much lower than current SP
10 day pump to HIGH 25.69 - lossed all gains 5 trading days later
Possible trend lines for Bullish and Bearish movement
Gap and support much lower than current SP
Has followed SPY closely
$F - Extremely critical that $19 holdFord is currently at a critical support after breaking down. $19 is a critical area of support and breaking it below could send the stock to $15.34 area and fill the gap.
$19 is also the 50% fib retracement area in leg up. Ford's earning is next week and it could decide 15.34 or $22.70.
If you look at the time series on the trend line check backs, the price is over due to touch back on long term trend line around $17ish area.
Breaking below $19 support would be the indicator that it will trend lower.
Bearish target 1 - $17 - $18
Bearish target 2 - $15.34
Bull case - Bounce from $19.
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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 shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$F 1/11/2022Daily chart analysis
$F. Ford was in an Accumulation Phase which lasted close to 18 years.
In Nov. 2021, it broke out from Accumulation phase and then proceed to enter a flag pattern. This is the start to Ford Uptrend.
From there, price went on to break the out of the bull flag and continue uptrend. Price is currently respecting all EMAs including 10.
This is my cue to enter. Will look at lower time frame for entry
1HR Chart analysis
Currently in uptrend.
Price has been bouncing between 24.80 and 23.50.
Price is currently at support area of 23.50
Price is currently at Dynamic support level of 50ema
Stochastic is currently at oversold.
Will enter trade and go long
Entry: 23.80
Stop loss: 22.50
Target: trail 10 ema on daily chart
$F 1/11/2022Daily chart analysis
$F. Ford was in an Accumulation Phase which lasted close to 18 years.
In Nov. 2021, it broke out from Accumulation phase and then proceed to enter a flag pattern. This is the start to Ford Uptrend.
From there, price went on to break the out of the bull flag and continue uptrend. Price is currently respecting all EMAs including 10.
This is my cue to enter. Will look at lower time frame for entry
1HR Chart analysis
Currently in uptrend.
Price has been bouncing between 24.80 and 23.50.
Price is currently at support area of 23.50
Price is currently at Dynamic support level of 50ema
Stochastic is currently at oversold.
Will enter trade long
Entry: 23.80
Stop loss: 22.50
Target: trail 10 ema on daily chart
Swing Trade Idea on FordSo hear me out. Ford filled a gap back down to the 21ish area on Friday and briefly broke through a support level just under 21 before the day ended. I see this thing continuing down to test the next support just above 19 this week. To add gas to the flame the dividend is also happening this week which will slightly add to the drop which might even take us down to 18. However, shortly after that we have earnings coming out. Ford, in the last 6 earnings releases, has absolutely obliterated the EPS estimate by +$0.24, +$0.16, +$0.73, +$0.41, +$0.43, and +$0.95 respectively. This, obviously, caused large spikes after every earnings release usually around the several dollar range.
My plan, in regards to all this, is to hold puts (which I bought early on Friday) through the dividend, then close those and pick up some far out calls to hold through earnings and beyond, since fundamentally I'm still bullish on Ford as a company over the long term.
I am, by no means, a trading expert. I am more so asking for tips and advice for this. Does anyone else like this idea? Am I way off? Anybody else want to try this with me?
Good luck this week!
Ford for the next week 🐻If spy opens up green for the week We may see it sitting around 442 helping ford bounce back too the 21-21.5 levels. We could also see spy keep falling into 430 levels being supported from the last 7 months taking ford back to the 20-19 range. If spy continues to fall past 430 ford will most likely break out the strong support it had from November to January. Feeling bearing on this next week.
Long?According to the previous analysis, the stock did very well, giving +20 percent. Now a new level has been formed. After the opening with GEP and further fall to the opening area. At closing above the level, entry into the trade. Upside: +13%
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