FORD Swing Trade after REVERSAL in JulyNYSE:F
F is trending up while TSLA heads down
US Legislation to support EV purchases with tax credits is helpful
GM's financial troubles are helpful.
Chart shows upgoing BB/EMA channels
and mid-range RSI with recent K/D crossover.
Both suggest a potential swing entry. Depend on unforeseen
changes in the automotive market or the market at large
and a recession versus continued uncertainty, F could
the uptrend for several months also made for the
opportunity to trade call options.
Trade often. Trade well !