Ford has been tracking along the trend line for the past several months.
It is now resting on the trend line again. Can it bounce off this time?
Every time, trend line bounce happened the price appreciated by about 31% to 35%.
If we see the trend line bounce this time, 31% would be around $17 to $18 price target.
If the trend line breaks, the price can fall to $11.68.
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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.
It is now resting on the trend line again. Can it bounce off this time?
Every time, trend line bounce happened the price appreciated by about 31% to 35%.
If we see the trend line bounce this time, 31% would be around $17 to $18 price target.
If the trend line breaks, the price can fall to $11.68.
———————————————————
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.