Ford – revisited

have been watching Ford (F) for a while and here’s the work that went into looking for the mid – 7’s to 8’s to hold:

from that level, you can see we have had a very nice and orderly advance and, for now, it appears to be in 5 waves.

IF this analysis is correct, we are setting the stage for a multi-month/week advance in ford that ‘should’ take out the 19ish high, at a minimum, and advance well beyond that in the coming months/years.

Basically, this run is just getting started. Look for the 5 waves to finish in around 10-11 and then a pull back – we should buy that.

feel this pattern fails below 7.42.

risk reward = nice.

Ford – look to buy.