Wednesday 27 February 2013

F - about to confirm the bull flag

Ford (F) closed significantly higher - in tandem with the main indexes, +3.5% @ $12.77. Ford is now very close to breaking what is a large bull flag, that stretches from mid January


Ford, daily


Summary

First target is a daily close over the 50 day @ $13.00, which itself is just above the upper channel line.

Underlying MACD (blue bar histogram) cycle is turning upward, and should be positive cycle in about 3-4 days.
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Key support remains @ $11.75