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AwesomeAvani
2024년 3월 27일 오전 6시 30분

F Bearish Bias Again SHORT 

Ford Motor CompanyNYSE

설명

FORD ( F) on a weekly chart is in a falling wedge pattern. Fundamentally, it is challenged

by the EV vs hybrid dynamic, weak EV sales and the federal slowly ramping up MPG

requirements as potentially rising gasoline prices affecting consumer decisions away from the

gas consuming F-150 where the profits are the highest. Unless F can breakout of the falling

wedge, price could compress further in the wedge with a move down as far as 9.

At present F is testing the upper resistance descending trendline. The predictive algorithm

suggests it will be rejected and fall. I am entering a short trade here for a long term swing.
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