Ford Reverses Off Important Support

During an 8-session span from Nov 6 to Nov 16, Ford (F) declined from 11.59 to 10.38, or -11%, prior to Friday's upside reversal and today's follow-through.  

This corrected the prior (Aug-Nov) upleg, retested and held the up-turning 200 EMA, now at 10.60, which also represents the neckline support plateau of the May-Nov base-building effort.

Purely from a technical perspective, F acts extremely well and exhibits very promising upside potential.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
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!


)