Tuesday, February 28, 2017 1:52:48 PM
The Ford chart is quite a mess, but I do see an overall uptrend and a Bollinger Band squeeze as the range narrows. First, the green lines define a wide uptrend with the higher low in early November. Second, the stock surged in November-December and broke a clear resistance zone. Even though Ford fell back below the breakout, I would not consider this a "failed" breakout just yet. Notice that the stock is just consolidating around the breakout zone with a narrowing range. The Bollinger Bands also contracted and this means Ford could make a move soon.
A breakout at 12.8 would be bullish, while a break below 12.1 would be bearish.
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