CFD Trading – Buy Ford Motor Co. (F.NYS) @$14.40. Stop @ $13.30 and Target @ $16.45.


Price tested the cloud two days ago and was able to hold above the cloud. In the previous trading session, price also rose above the high of the 3-day reversal, hinting of a possible reversal.  The correction low at $13.75 is also the Fibonacci 50% correction point off the low of $11.68 to the high of $16.46. A reversal off the Fibonacci 50% correction point is a sign of a possible reversal in trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bullish and could be turning up again with a bullish MACD crossover likely in the days ahead. We think price is likely to move higher to the previous high at $16.46 in the next 2-3 weeks.

$14.40                Buy
$16.45                Price Target
$13.30                Risk Management Stop
3 weeks              Trade Duration

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