The Chart of the Week is: "F" Ford Motor Car Company
From a technical perspective we have a textbook WEDGE pattern formed.
Continuous pressure could lead to a breakdown offering us a SHORT play.
While it has NOT triggered yet, I'm offering you this idea for your watchlist.
A weekly settlement below 10.62 by 1% or more, would trigger a SELL.
A stop should be placed above the last swing high before the breakdown.
Multiple downside targets have been indicated for your consideration.
Upon taking profits, your stop loss should be advanced at the same time.
I hope this helps you should "F" offer us the opportunity to SHORT it!
From a technical perspective we have a textbook WEDGE pattern formed.
Continuous pressure could lead to a breakdown offering us a SHORT play.
While it has NOT triggered yet, I'm offering you this idea for your watchlist.
A weekly settlement below 10.62 by 1% or more, would trigger a SELL.
A stop should be placed above the last swing high before the breakdown.
Multiple downside targets have been indicated for your consideration.
Upon taking profits, your stop loss should be advanced at the same time.
I hope this helps you should "F" offer us the opportunity to SHORT it!
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.