FORD MOTOR COMPANY Stock Code F.NYS
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.
$16.45 Price Target
$13.30 Risk Management Stop
3 weeks Trade Duration