Final Dip for Ford Ahead of Expected Rally

The coil pattern that is enticing me on the long side of Ford (F) has the right look of completion ahead of a powerful thrust to the upside that should propel F above the Jan high at 12.14 towards 13.50-14.00 and possibly to 15.00 thereafter based on my medium and longer-term work. This morning’s swoon to an intraday low at 11.15 and pivot to the upside to 11.47 so far looks like the final dip within the coil followed by the start of a new upleg. If my work proves correct, then F will continue to outperform the overall market in an increasingly significant way in the upcoming hours/days.


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!