FORD MTR CO DELShort
Not the heroic Ford in Ford v. Ferrari (but it could be)
Ford is now entering a bearish pennant pattern on the daily chart. Bearish pennants are TERRIBLE at predicting movement (50-58% correct historically).
HOWEVER, the stock is STILL distributing despite these increases above the $5 mark. There is some underlying weakness in the stock.
I am not trading this, but I expect this to drop in the next few weeks below $4. At some point, this may be a good stock to keep around for a while. We'll see when we get there.
HOWEVER, the stock is STILL distributing despite these increases above the $5 mark. There is some underlying weakness in the stock.
I am not trading this, but I expect this to drop in the next few weeks below $4. At some point, this may be a good stock to keep around for a while. We'll see when we get there.
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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.