AI
Thursday, August 02, 2018 1:10:26 PM
Shares of Ford Motor Company (F) have been taking a beating of late as trade war talk and action are center stage. Just in the last couple months, Ford is down from over $12.00 to under $10.00. While the picture is not pretty, the chart is actually signaling a strong buy. Technical traders are connecting the lows of the daily stock chart starting in late 2016. There is a down-sloping trend line that connects with all lows. Every time the stock price of Ford hits this trend line, it jumps sharply higher for weeks or months. It just so happens that Ford is hitting this trend line again. That indicates a strong surge higher in the coming weeks/months. Smart money is buying here at $9.95.
Gareth Soloway
InTheMoneyStocks
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