Thursday, 20 July 2017

F - a tenth consecutive daily gain

Whilst the main market settled moderately mixed, Ford (F) settled higher by 2 cents (0.2%) to $11.70. It was just a minor gain, but a very notable tenth consecutive net daily gain - the best run since early 2012. Earnings are due July 26th in pre-market.

F daily

F monthly


Suffice to add.. the past ten days have been rather impressive for Ford, and especially the past four days, all settling above the key 200dma.

Near term cooling seems probable, not least if the main market cools by around 1.5% to sp'2435. 

Mid term trend has been very bearish since the July 2014 high of $15.36. Things will turn bullish with price action >12.25 or so. From there... a run to the $15s, which is absolutely viable before year end.

Earnings are due next Wednesday morning... and that'll be something to watch!