Hi Zeev...some of my work suggests that FORD may have bottomed out last week which is why I took a position in the play. It broke out of that 60 Minute triangle I posted over the weekend today and has potential to that $11.80 area where I'd expect some type of pullback. Ultimate objective is $15ish. Agree that it will run if/when $11.80 gets taken out as there is a "Thin Zone" above that area of resistance.
Regards,
Robb
P/S JCOM looks like its starting to setup to me here as well especially on the 60 Minute chart.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.