F - trading above the downward trend

Ford Motor (F), settled higher for the fifth consecutive day, +2.1% at $12.34. This was the highest close since March 16th. Most notable though is that the stock is now sustainably trading above the mid term downward trend that began in July 2014.


F daily

F monthly

Summary

Suffice to add... we have a provisional break of the downward trend that has lasted a full three years. Now its a case of how Ford settles the month. Any monthly close >$12.00 would be very bullish. 

With a forward PE in the 7s, and a yield of around 5%, the valuation is simply.... ludicrous.

First soft target: $15. Any monthly closes >$15.50, will offer 22/23s... whether by end 2018, or 2019, it should make little difference to those on the long side.