I didn't want to post a stock with no follow-up although not
sure if anyone was interested. Want to see how ford acts
around the do day as I noted before in past rallies it used the 20
day EMA as support nicely.
Posted by:
lpwiseon the 16th of Oct
2009 at 12:13 pm
Looking at the WKLY chart, its possible FORD may go
higher.(Although you can see some divergence in this time
frame).
Notice how the support dots in this mechanical chart got you in
very early in trend.
(As an indication of where the market is at, I haven't been able
to find any wkly buys........lol)
In addition, I posted a trailing stop tool that by Sylvain
Vervoort that is getting very close to a sell (This tool is
available for free in many trading platforms).
Looking at a short-term chart (30min) stock looks wounded.
Many prefer breakout methods, but I think pullbacks are the
way.
F - follow-up
Posted by tom on 16th of Oct 2009 at 11:30 am
I didn't want to post a stock with no follow-up although not sure if anyone was interested. Want to see how ford acts around the do day as I noted before in past rallies it used the 20 day EMA as support nicely.
Ford perspective
Posted by lpwise on 16th of Oct 2009 at 12:15 pm
Ford
Posted by: lpwiseon the 16th of Oct 2009 at 12:13 pm
Looking at the WKLY chart, its possible FORD may go higher.(Although you can see some divergence in this time frame).
Notice how the support dots in this mechanical chart got you in very early in trend.
(As an indication of where the market is at, I haven't been able to find any wkly buys........lol)
In addition, I posted a trailing stop tool that by Sylvain Vervoort that is getting very close to a sell (This tool is available for free in many trading platforms).
Looking at a short-term chart (30min) stock looks wounded.
Many prefer breakout methods, but I think pullbacks are the way.
F
Posted by winter39 on 16th of Oct 2009 at 11:55 am
Thanks very much for the reminder
how much more play do you think ford could have?
Posted by macnsc on 16th of Oct 2009 at 11:51 am
high in 2007 was 9.70 and that was really a low following years of decline.
It has a long term (prior to 2000) resistance at 10 which might be the ultimate price target on it for a long time to come...
still if it hit 10 from here that would be 20% more...
I own it and appreciate
Posted by Peridot on 16th of Oct 2009 at 11:32 am
I own it and appreciate the input. p.
F Yes
Posted by bobp on 16th of Oct 2009 at 12:10 pm
Missed big chunk of upside breakout on earnings last time.
Own it right now and appreciate the analysis.