Ford is currently at a critical support after breaking down. $19 is a critical area of support and breaking it below could send the stock to $15.34 area and fill the gap.
$19 is also the 50% fib retracement area in leg up. Ford's earning is next week and it could decide 15.34 or $22.70.
If you look at the time series on the trend line check backs, the price is over due to touch back on long term trend line around $17ish area.
Breaking below $19 support would be the indicator that it will trend lower.
Bearish target 1 - $17 - $18
Bearish target 2 - $15.34
Bull case - Bounce from $19.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$19 is also the 50% fib retracement area in leg up. Ford's earning is next week and it could decide 15.34 or $22.70.
If you look at the time series on the trend line check backs, the price is over due to touch back on long term trend line around $17ish area.
Breaking below $19 support would be the indicator that it will trend lower.
Bearish target 1 - $17 - $18
Bearish target 2 - $15.34
Bull case - Bounce from $19.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.