Broke through Long term resistance and out of Cup & Handle Ford has taken a beating the last few years, from EV's moving into the market and recessions, coronavirus, and recalls, Ford seemed destined to crash and burn. Ford has been moving into the EV market for alot longer than most people realize. In fact in 2019 Ford had the largest public charging network for their EV line with over 12,000 places to charge, with over 35,000 charge plugs. At the time, that was more than any other car manufacturer in North America. Whether investors are just kinda realizing that or just a delayed response, the last few weeks Ford has been making moves, smashing through 2 long term resistance points that were support from 2018 and beyond. This move has been impressive, and with the uptick in volume, I see this continuing. I believe we just broke out of a cup an handle formation and I am shooting for the resistance area between 17-20. Try and catch a dip.
Let me know what you think about this or post charts of anything you are looking at in the charts below. I'm here to learn more than anything. Thanks for reading.
Peace & Prosperity to Everbody
