Analyzing Ford Motor company (F) for online market trading, uncovers a few things that should be noticed :
1- the stock broke down the trading envelope its currently trading in.
2- the stock value broke down MA6, which is consistently an intiator of a bearish sentiment in the stock historical behavior.
3- it retraced to almost 6.97 (32% fibonacci of the last fall 8.94 -> 5.67) and then fall again, proving that the last rise was only a technical fix.
conclusion:
ford is bearish suggest hedging any long position or entering short.
Friday, February 8, 2008
Ford Motor Company (F) Technical Analysis
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have a nice day,
Shadi
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