Clean bounce in the past on the channel lines. I think its the same this time as well. CMF is turning into +ve territory which looks prime for a bounce at these levels. MACD seems to be reversing at this moment. The stock price is sitting on the 200 EMA line. Overall the technicals favor an upside. Fundamentals are strong as seen in the latest quarter, Recent news are all +ve. For example the news related to Mach-E beating Tesla's Model 3 in the Consumer's Report - Top electric vehicle for 2022. And finally Mgt is rock solid here and Jim Farley at helm makes this a sold auto stock to own.
Disclaimer; My opinion on stocks are mine alone and not to be taken as Investment advice.
Disclaimer; My opinion on stocks are mine alone and not to be taken as Investment advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.