Wednesday, 9 November 2016

F - reversing with the main market

Ford (F) had a similar day to the broader equity market, opening significantly lower, but settling +0.9% @ $11.58. Near term outlook threatens a little cooling, but broadly, it would seem we have a key mid term low of $11.00. Things turn broadly bullish on a move above the $14 threshold.

F, daily

F, monthly


Suffice to say... a short term low of $11.00, and even if the market cools 1-2% across the next few days, it'd seem highly probable that the broad weakness that began in late July has concluded.

Seen on the giant monthly cycle, underlying MACD (green bar histogram) cycle remains on the low end, and will be highly vulnerable to turning positive in early 2017.

For now.. things only turn provisionally bullish with a move back above the 200dma - currently in the $12.40s.