Fall FORD? Ford is currently sitting below a weaker support zone showing weak buying momentum back into the area of support which could possibly be indicating a retest of the support to continue its overall down trend.
Fshort
Ford about to drive off a cliff?Much like many other stocks on the broader stock market we see some large bearish patterns just looming over the heads of investors. There is no certainty most of these will play out, we all know th FED and pivot any moment and that will cause a large squeeze in the market. However, in the meantime we see what looks to be a large Head & Shoulders on Ford that is sitting on the edge. If the patterns plays out we could see prices as low as $5 in the longer term or below $9 in the short term. Will be monitoring this one closely.
Next Ford Target: $5.85 Short given Presidential Plant VisitFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, given the recent resurgence curve, and the news surrounding Trump's Henry Ford plant visit, a very decent and reasonable post-memorial day price target for Ford is $5.85. I am not going to call a breakout or anything like that, as I think there are higher growth potential stocks out there, but Ford could start having a stable growth positive correlation and go from the mid risk range to low risk if the positive shorts continue.
