Ford Motors has pulled back more than 50% from 2022 highs. It has been testing the major support trend line (WHITE) running from Mar 2020 lows.
This is a weekly chart and you can notice it's breaking the major support trend line and 200 EMA weekly.
I see Ford to test the $10.72 support levels and have a technical bounce testing the white trendline around $12-$13.. and eventually test the other support levels $9.6 (Orange) and $8.01 (Green).
Each support line will give a good technical bounce. One can buy at these technical support levels and swing trade for quick profits.
Let me know your thoughts in comments
This is a weekly chart and you can notice it's breaking the major support trend line and 200 EMA weekly.
I see Ford to test the $10.72 support levels and have a technical bounce testing the white trendline around $12-$13.. and eventually test the other support levels $9.6 (Orange) and $8.01 (Green).
Each support line will give a good technical bounce. One can buy at these technical support levels and swing trade for quick profits.
Let me know your thoughts in comments
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.