will ford break the 19 year resistance ?🧐💸F hello traders lets have a look at ford today 😛
ford broke below 19 in 2002, now 19 years later we are reaching this big level that has seen many rejections!
at resistance but I am still very bullish! why? ford is entering electric vehicle sector(more profits), they just had great earnings, all EV sector stocks are hot at the moment!
price targets are 23.67/30.24
goodluck! have a great weekend💘
FORD trade ideas
Ford won't be seeing the lightning TSLA has this year.I love Ford and have the F150 reserved since the first day.
I like the stock at 12.50-13.50 to accumulate.
We'll see in tomorrows earnings if the dividend returns.
I'm not sure how they will do on earnings, but the market as a whole does not look supportive going into November.
Still. I'm going to hold.
I could get another chance to pick up more F under $13.
FFord had a great run over 30% gain for the past month. It is now at its previous peak so we could see a pullback to it's support or to the moving average before making the next leg up. We also have a bearish harami on the daily chart which is another sign of pull back. The only event that could throw the technicals out the window is the earnings that is coming out Oct 27.
F pullback initiatedentered F 15.50p 11/12 @0.28
~We bounced off a double top
~RSI divergence like the pullback in June
~We are also seeing a similar pattern back to back
✅ Phase 1: a downtrend
✅ Phase 2 an steep upside down cup
✅ Phase 3: a nice strong uptrend impulsive move.
Using fib and zones I have PT at 15.50, 15.13, 14.60. We could see a pullback to 13.43 as well, but I probs wont hold that long. 14.60 is my last take profit, as it is the 0.5 fib line
$F Ford Upgrade may get it back to June Highs.
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F: Bearish Harmonic PatternThe area where the price is right now is very strong.
We may see it correcting lower up to $14.19 - $14.62
The price may bounce again from the expected support area.
According to a "barrons" report: " Ford Motor sales dipped in China during the third quarter as the global semiconductor shortage continues to constrain automotive production. But Ford outperformed itself in China compared with its recent U.S. figures
Q3 Down but Year-To-Date sales up"
Thank you and Good Luck!
possible low risk trade on FORDThis is just a low risk trade for me cause Ford runs last month's very well (picture) and the worldwide lack of chips is hitting the whole car sector.
Not sure what's the long run for this. But I like the technical setup in my trading timeframe (1D) so far.
After a increase in volume and price, we see a 1:2.4 consolidation. I like to see that there is buying interest after closing the gap up (1) around the golden pocket, accompanied by some volume (2). So it means to me the level should hold. Positive earnings should be always a nice catalyst. Also Ford hits the SMA20 in the weekly (picture).
I think i consider a trade if the gap up level breaks again with volume, and my stop would be half ATR under the 13.62$ resistance. I dont want to see a pullback to the 61 fib again.
13.62-0.25 (half ATR)= 13.37 .. should be an epic stop :/
Sry 4 bad english and some mistakes, just a tradingbeginner from germany
have nice weekend
Ford Back in the uptrend channel. Looking at Ford on the daily chart and you can not get any more bullish than this. Price went back into that uptrend channel, and it broke out of the bullish pennant. Expect Ford to trade sideways a bit, and then we can see a move up higher into the top of the uptrend channel. RSI is just in the borderline of overbought while the MACD is in the green wide open. Giving Ford a 20 dollar price target, but will not be surprise to see it run up higher.
Ford Bullish or BearishI see two scenarios for Ford in the short term. Today was bullish for the overall stock market and caused many stocks to push up from this week's lows. I think if the overall market stays bullish then Ford will follow suit. Otherwise, it may continue following this week's megaphone pattern and reatrace back to the bottom of the channel if it keeps hitting its head on this resistance area.