Wednesday, 13 January 2016

F - technically broken

Whilst the broader market imploded after opening moderately higher, there was particular weakness in Ford (F), which settled lower by a very severe -5.1% @ $12.20. The bigger monthly cycle is highly suggestive that Ford will lose the $10 threshold, and possibly floor once again around $8.

F, daily

F, monthly


Suffice to add, I do like the company.. far better than GM.. or the loss making TSLA.

From a price perspective though, Ford is utterly broken...and looks vulnerable to a further 35% lower.

*no position, would consider buying in the $8s.. but that looks out of range for 3-5 months.