FORD - ICE predominates EV falters LONG
Ford has scaled back its EV ambitions in consideration of the marketplace while TSLA drops
its price in the Eurozone and falls into less than first place in the China EV market. Ford's
F-150 truck continues to dominate GM and the others in North America.
On the 4H chart, first a price uptrend and then retrace to the 0.5 Fib level and a reverse into
a new trend up. A pair of EMAs shows an impending golden cross also suggested by
the zero lag MACD. The two RSI lines ( 60 minutes and 480 minutes fast and slow) are
rising and about to cross the 50 level.
I see this as a long entry for Ford. Targets based on major pivots in 2023 are 13 and 14.25
its price in the Eurozone and falls into less than first place in the China EV market. Ford's
F-150 truck continues to dominate GM and the others in North America.
On the 4H chart, first a price uptrend and then retrace to the 0.5 Fib level and a reverse into
a new trend up. A pair of EMAs shows an impending golden cross also suggested by
the zero lag MACD. The two RSI lines ( 60 minutes and 480 minutes fast and slow) are
rising and about to cross the 50 level.
I see this as a long entry for Ford. Targets based on major pivots in 2023 are 13 and 14.25
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