A symmetrical triangle is developing on Ford's stock, until the price breaks, we must be careful as it can break upwards or downwards. As the price is near the upper line, we are expecting an increase in the price and going for a long position as soon as it breaks.
Estimating it breaks soon a position can be taken around $9.17 per stock, with stop loss near the last minimum point at $8.67 approx. and take profit as long as the base around $10.21.
The Risk-Reward ratio on this operation is 2.08, so it's considered tradeable.
Estimating it breaks soon a position can be taken around $9.17 per stock, with stop loss near the last minimum point at $8.67 approx. and take profit as long as the base around $10.21.
The Risk-Reward ratio on this operation is 2.08, so it's considered tradeable.