F, daily
Summary
The daily close last Thursday above the 50dma was a significant bullish victory, but far more important.. the 200dma..and the $16 threshold... which was where the downside snap began from.
Until we see at least a few daily closes above $16, Ford remains a broken stock.
With the loss of the Feb' low in October, there is still threat of another wave lower to $12.
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*Unquestionably, Ford is better positioned than GM or the still largely irrelevant TSLA. Long term outlook for Ford looks fine. It survived the 2008/09 collapse wave, it'll no doubt survive the next financial crisis.
