Is FORD Getting More Love from the Market? This company has been the day traders favourite recently
But can we invest in it on swing basis?
I have marked the descending parallel channel.
Will it go and bounce off the upper trend line
or will go through it and the trend will resume
I am a buyer here!
FORD trade ideas
Bullish on F. Ford is one stock i am bullish on because of there shift in focus of the company into EVs. The new CEO has really changed a lot of financials for Ford and is positioning the company for future success. Daily chart shows u how it has been beaten down over the past week, but now we are seeing a bounce off the 100 sma line. Look at how it is in the uptrend channel still and MACD is closing red getting ready to turn green. RSI is heading up and expect this to hit 15 dollars.
Potential Elliott Wave B Corrective Wave for F?Not sure where Wave A will end, but if it holds here:
Current Signs:
1) Bullish divergence on MFI
2) Touching middle of bollinger bands.
Signs to wait for:
1) Potential crossover of MACD (waiting for this)
2) Sign of bounce (either double or triple bottom)
PT:
$14-$16
Ford F Making One Last Push Here we see Ford has been in an Uptrend Channel for 479 days and is at its last stop before testing the 20 Year resistance. Given this channel is so well established I see no reason to believe it doesn't make it to the resistance before reversing the trend.
Now I want to make it clear I do not expect it to break it but I do expect a test. We have seen multiple Bullish Falling Wedges as Ford has made its climb and I expect one last one will play out.
~Could see as low as 13.50 before rising
~The target would be around 17.75
~A break below the channel trendline will likely invalidate this analysis