Tag: Ford Motor Company

Ford Motor Company Stock Code F.NYS

Outlook

Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish. A price gap in the previous trading session also reinforced the bearish trend. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has turned bearish with both lines above the zero line. MACD is hinting at a bearish price trend. We think price is likely to move lower to the next price support at $15.32 in the next 2-3 weeks.

Strategy                  

$18.32                Sell

$15.32                Price Target

$19.92                Risk Management Stop

3 weeks              Trade Duration

FORD MOTOR COMPANY Stock Code F.NYS

Outlook
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.

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

Ford Motor Company Stock Code F.NYS

Outlook
Price broke above the cloud in the previous trading session and this could be a sign that the price correction since the 15 March 2021 is over. Price could be about to resume its uptrend again for a new high. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover and is moving higher. We think price is likely to move higher to the Ichimoku V shaped price projection at $14.10 in the next 2-3 weeks.

Strategy                  
$13.20                Buy
$14.10                Price Target
$12.55                Risk Management Stop
3 weeks              Trade Duration