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inthemoneystock (< 20)

Ford Bearish Daily Chart Setup

Recs

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July 22, 2013 – Comments (2) | RELATED TICKERS: F

Ford Motor Company (NYSE:F) is forming a bearish daily chart. This classic action tells investors the stock will likely fall in the near future. Notice the sideways action ever since the top on July 15th and the sharp drop on July 16th, 2013. This inside bar action is known as a bearish formation. The current price of Ford is $16.96, +0.20 (1.19%). Downside targets would be at $16.00 and $14.50. The pattern would fail with any close above the 52 week high of $17.29.

Gareth Soloway
InThemoneyStocks.com

2 Comments – Post Your Own

#1) On July 22, 2013 at 9:21 PM, cengle777 (< 20) wrote:

While I do respect your chart review, I think with everything Ford has going for it overseas that maybe it may break the classic mold. I live in SE Asia and of all US brands, Ford is the most common brand seen on the street over the past couple years. Just my opinion... I think Ford is going to new highs. 

Chad 

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#2) On July 23, 2013 at 10:49 AM, Karate460 (50.55) wrote:

It does seem that Ford is on the cusp. Depending on what we see on wednesday it will either send Ford up towards the $18 per share or if the news is bad we could see a decrease back into the low $15. 

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