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FORD put in new MSL, caution shorts.
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FORD
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Good take on FORD, Runner. Seems to me we need to buy within the apex and anticipate the breakout (ala DMK did with BOOM yesterday). You know once FORD breaks out (hopefully to the plus side), with its power, it will instantly extend itself. You agree?Comment
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I would agree with it extending itself if history repeats. I thought it would drop more than it did. I like the volume action drying up will be keeping a close eye on it. Once again maybe next week will be interesting!Comment
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Runner,
Good analysis on FORD but I would rather think it is a flag than a triangle since there is not enough points for a true triange. Not that it matters which pattern it is. But with it being a bull flag it is more likely to break out to the upside.
Here's my take: Flag formation. Two buy points possible.
Not that it really matters what pattern it is..lol
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Runner,
Everything depends on where you draw the trend lines. On the first chart, if you move the lower trendline to the bottom of the flag pole (4/21) you have a pennant.
The flag is pretty ugly the way it is drawn. But, I like the stock here.
To me this stock is consolidating its gains and will break out next week. I'm hoping for a very narrow range day on Monday, which should set up a big move on Tuesday. Regardless of a NR or not, I'm buying early on Monday.Comment
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If you want to make it pretty go ahead. LOLOriginally posted by aggrediorComment
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Nice little pop today!Comment
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Originally posted by Runner
Oh yes...got some @ 15.50..did you get some?Comment
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Nope, I thought GAP was a better play!Originally posted by dmk112Comment
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Looks like today FORD flagged a warning signal to longs.Comment
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Originally posted by Runner
Possibly....Spike mentioned it may be a triple top.Comment
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Today will say alot, I think
Here's a junk chart I made. Today will tell us alot. I am expecting downside because I think the market will be very weak, and that will affect FORD's value, too.Originally posted by dmk112
If FORD can break the top green resistance line, it may go on to make a complex Shoulder-shoulder-head-head-shoulder-shoulder over time. I kinda doubt it due to market weakness.
I expect a down day and the party to be just about over for FORD.
We shall see how wrong I can be! If you are actually holding, I wish you the best.
Click on chart, then click on image again to enlarge.Comment
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Looks to me like it'll be settled soon, one way or the other:
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