Long Idea – F

277 views

I love the way F is setting up. I am looking for a break above the falling resistance after consolidating since January. Also, stochs are well setup and MACD is poised for a cross. Mid-high 13s are very possible very quickly, IMO. From a story perspective, hiring and consumer spending should be beneficial for car buying, while other automotive related companies such as WPRT, AZO, and more have been on a tear. I expect Ford to follow.

 

 

2 Responses to “Long Idea – F”

  1. Solid update. $F.

    • looks like its going to close at HOD and confirm breakout with MACD and stochs healthy. Really like this.

Comments are closed.