Ford Motor Company Stock Code F.NYS
Outlook
Price gapped below the cloud last week and has continued to move lower. Last night we saw a big red candlestick, which is a sign of an acceleration of the down trend. Both Conversion and Base lines had a bearish crossover while the Lagging Span has moved below the cloud. MACD had a bearish divergence earlier and has now moved below the zero line into bearish territory. Price, unless it can close the gap and moves above the cloud, is likely to head lower to the base support area at $8.34
Strategy
$9.40 Sell
$8.35 Price Target
$9.90 Risk Management Stop
3 weeks Trade Duration
PAYPAL Holding Inc Stock Code PYPL.NAS
Outlook
Price moved below the cloud 3 days ago and for the past 2 days, it had stayed below the lower edge of the cloud. Both Conversion and Base lines had a bearish crossover, confirming the bearish trend. The gap created earlier is also a sign of a bearish trend. MACD indicator have given multiple numbers of divergence warnings and MACD lines are about to move below the zero line into bearish territory, confirming the bearish trend. Price is likely to head lower to support line at $100.
Strategy
$110.80 Sell
$100.00 Price Target
$114.40 Risk Management Stop
3 weeks Trade Duration
