Ford Motor company is currently building into a bullish flag on the daily with possible price target of 28.50$. It is not confirmed yet and may run into some difficulties for the two following reasons:
1- The weekly chart is showing a resistance level at 22$. This is the price target level of the fully filled ascending triangle. Once fully filled, price may reverse.
2- Ford is part of the Consumer Discretionary sector. This sector is also at the price target (1700$) of fully filled ascending triangle. This new price target could act as the new resistance and reverse the trend.
If the 22$ resistance is broken on the Ford graph, and the 1700$ resistance is broken on the sector chart, this could help fill the daily price target.
Support through Patreon.
Stay Humble, have fun, make money!
1- The weekly chart is showing a resistance level at 22$. This is the price target level of the fully filled ascending triangle. Once fully filled, price may reverse.
2- Ford is part of the Consumer Discretionary sector. This sector is also at the price target (1700$) of fully filled ascending triangle. This new price target could act as the new resistance and reverse the trend.
If the 22$ resistance is broken on the Ford graph, and the 1700$ resistance is broken on the sector chart, this could help fill the daily price target.
Support through Patreon.
Stay Humble, have fun, make money!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.