Ford: Quality Woes and EV Struggles Send Shares PlungingFord Motor Company is currently navigating a challenging operational landscape marked by significant headwinds. The company's financial performance has been notably impacted by a confluence of factors, with quality issues and the electrification transition posing the most substantial challenges.
A surge in warranty costs, primarily related to older vehicle models, has eroded profitability. Concurrently, the Model E division, responsible for Ford's electric vehicle initiatives, has incurred substantial losses. The competitive intensity within the EV market, coupled with evolving consumer preferences, has exacerbated these challenges. While the Ford Pro segment, focused on commercial vehicles, exhibits growth potential, its current contribution is insufficient to offset the negative impact of the other divisions.
To restore financial health and regain investor confidence, Ford must implement a comprehensive strategic overhaul. This necessitates a concerted effort to enhance quality control, accelerate EV development while mitigating costs, and optimize operational efficiency across the entire organization. The company's ability to successfully navigate this complex environment will be instrumental in determining its long-term competitive position and market share.
Crucially, Ford must balance the need to address immediate challenges with a forward-looking perspective. The company's strategic direction will need to encompass both short-term cost reduction measures and long-term investments in emerging technologies and market segments.
Fordmotorcompany
FORD intends to be back at $20 soon!FORD weekly data is conveying massive accumulation at the current price range. Net buy volume this past few days / weeks has been on the weighty side.
Expect some significant price shift to the upside with target of X2 easily at $20.
$10-12 price level has been a major order block where buyers converge. This area has been tested many times and prices keeps reversing to the upside.
Spotted at 12.0
TAYOR.
Safeguard capital always.
Trade Like A Sniper - Episode 17- Ford Motors - (5th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Ford Motors (F), starting from the 4-Month chart.
- R2F
Ford a Fake Dump- just for fun and training.
- i play some stocks when i am bored.
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Trading Parts
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Buy Zone : 9.50 ish
Rebuy Zone : 9.00$
Sell Zones : 14$ to 15$
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PS : Now it's week-end so wait for the GAP before entering any position.
Happy Tr4Ding !
Ford Reduces Prices of F-150 Lightning by $5,500Ford Motor Company (NYSE: NYSE:F ) has recently taken steps to increase demand for its electric vehicles (EVs) by reducing the prices of certain F-150 Lightning trims by up to $5,500. The latest round of price cuts applies to the F-150 Lightning's mid-level variants and came into effect on April 5, 2024. According to a report by CarsDirect, the starting prices of the Lightning Pro Standard Range and Lightning Platinum Extended Range variants remained unchanged at $54,995 and $84,995, respectively.
Meanwhile, the starting prices of the F-150 Lightning XLT Standard Range and Lariat Extended Range were reduced by $2,000 and $2,500, respectively. The starting price of the F-150 Lightning Flash Extended Range was substantially reduced by $5,500, bringing the new starting price of the F-150 Lightning Flash trim to $67,995, which is closer to its launch price of $69,995.
The F-150 Lightning Flash trim offers a target EPA range of 320 miles, a 15.5-inch touchscreen, a B&O sound system with HD radio and speakers, and a wireless charging pad, making it a value for money. Additionally, the F-150 Lightning, with a manufacturer's suggested retail price below $80,000, is eligible for the full $7,500 federal tax credit in the United States.
In the first quarter of 2024, Ford (NYSE: NYSE:F ) sold 20,233 EVs in the United States, marking an 86% year-over-year increase. Sales of Ford's Mach-E rose 77% year over year, making it the second-best-selling electric SUV in the United States. The F-150 Lightning remained the best-selling electric pickup in the United States, with sales of 7,743 units.
The sales of EVs gained momentum after the automaker reduced prices of the Mach-E by up to $8,100 in February. Additionally, it offered substantial incentives on the F-150 Lightning. In January, Ford announced the prices of the F-150 Lightning for the model year 2024, increasing the prices of most trims from $2,000 to $7,500. The starting price of the F-150 Lightning Pro rose from $5,500 to $54,995.
Despite the increase in EV sales in the first quarter of 2024, the automaker announced a reduction in its workforce by one-third at its Rouge EV Center, where the F-150 Lightning is manufactured. The recent round of price cuts followed the launch of Ford's new 2024 Mustang Mach-E, which boasts better range, rapid charging, and quicker acceleration.
Technical Outlook
Despite the reduction in prices of the F-150 Lightning, Ford Motors (NYSE: NYSE:F ) is still trading slightly beneath the 200-day Moving Average (MA) with the Relative Strength Index (RSI) at 45.48 indicating low buying momentum from the bulls.
Ford Motors Shifts Three-Row Electric SUV Launch In a strategic move reflecting the dynamic landscape of the automotive industry, Ford Motors ( NYSE:F ) has announced a delay in the launch of its new three-row electric SUV on Friday after market close. The decision comes amidst evolving consumer demands and a reevaluation of the company's electric vehicle (EV) strategy.
Originally slated for release in 2025, the electric SUVs will now roll out of Ford's Oakville, Ontario, factory in 2027. This delay underscores Ford's commitment to allowing the consumer market ample time to mature and adapt to the burgeoning EV segment.
CEO Jim Farley emphasized Ford's unwavering dedication to manufacturing in Canada, citing a long-term vision for building a profitable and sustainable business. Farley iterated, "We are committed to scaling a profitable EV business, using capital wisely and bringing to market the right gas, hybrid, and fully electric vehicles at the right time."
This decision follows Ford's staggering $4.7 billion loss on EVs in 2023 and a strategic reallocation of resources announced last year, which included a reduction in planned EV spending by $12 billion. Despite robust demand for hybrids in the first quarter of 2024, Ford's financial challenges in the EV sector necessitated a reassessment of its approach.
While the delay may appear as a setback, Ford's focus on bolstering its hybrid electric vehicle offerings signals a nuanced approach to navigating the transition towards electrification. This shift aligns with the company's commitment to prudent capital allocation and strategic timing in introducing EVs to the market.
Shares of Ford Motors (F) remained steady following the announcement, reflecting investor confidence in the company's ability to adapt to market dynamics. With a gain of more than 12% in 2024, Ford ( NYSE:F ) continues to navigate the evolving automotive landscape with resilience and strategic foresight. Ford Motors ( NYSE:F ) stock closed at a 0.535 gain at a share price of $13.28 with the Relative Strength Index (RSI) at 60 indicating investors' confidence in the stock.
As the automotive industry undergoes a transformative shift towards electrification, Ford's recalibration of its EV strategy underscores the complexities and challenges inherent in this transition. By prioritizing profitability and strategic timing, Ford positions itself to emerge as a formidable player in the rapidly evolving EV market landscape.
Ford Headed to 45 if it Can Clear Jan '22 HighsFord has broken out of two falling wedges, targets for both shown on the 2 weekly chart above, and should be headed back towards its January of 2022 highs.
The smaller falling wedge and the larger one have measured moves to TP 1s that sit just below ($22.80) and above ($29.20) its January of 2022 highs ($25.87).
If it can break and hold above 26, TP 2 for both falling wedges line up with halfway between its 1.0 and 1.618 fib retracement at $35.14, and then exactly at the 1.618 at $44.86.
The grey box may act as an area of resistance to this move.
Ford Motor's Resilience in 2023: Navigating Problems & Prospects
Ford Motor has emerged as a resilient force, reporting its best annual auto sales in the United States since 2020. The Detroit automaker's success in 2023 can be attributed to sustained demand for its crossover SUVs and pickup trucks, reflecting the prevailing trend of American consumers favoring larger vehicles for their safety and utility.
A Year of Triumph Despite Headwinds:
1. Robust Sales Performance:
Ford Motor's vehicle sales witnessed a notable uptick, rising by 7.1% to 1.99 million units in 2023. While this figure represents a slight dip from the 2 million units achieved in 2020, it signals a commendable rebound in the face of market challenges.
2. Consumer Shift to Larger Vehicles:
The American automotive landscape has seen a distinct shift towards larger vehicles, such as crossover SUVs and pickup trucks, at the expense of sedans and hatchbacks. Ford's strategic emphasis on these segments aligns seamlessly with consumer preferences, contributing to its robust sales performance.
3. Electrification Success:
Ford's foray into the electric vehicle (EV) market has proven successful, with sales of its EV models, including the F-150 Lightning pickup truck and Mustang Mach-E crossover, surging by nearly 18% to 72,608 units. The company's EV models now account for a noteworthy 3.6% of its total sales, showcasing a growing appetite for electrified options among consumers.
4. Hybrid Momentum:
In addition to its electric offerings, Ford's hybrid vehicle sales experienced a remarkable growth of more than 25%, reaching 133,743 units and constituting about 7% of its total sales. This signals an effective dual-strategy approach by the automaker, catering to both electric and hybrid preferences in the market.
Industry Dynamics and Challenges:
1. Market Trends:
The broader U.S. new vehicle sales market concluded the year at around 15.5 million units, with electrified vehicles, including hybrids, making up nearly 17%. This underscores the industry's gradual shift towards cleaner and more sustainable transportation options.
2. Consumer Caution Amidst Interest Rates:
Analysts have raised concerns about the potential impact of high-interest rates on consumer appetite for new vehicles in the future. Ford's ability to navigate this challenge will be critical, as economic factors continue to play a pivotal role in shaping the automotive landscape.
Ford's Market Position and Technical Analysis:
Market Standing:
Despite the challenges, Ford Motor solidified its position as the third-largest automaker by sales in the United States, trailing behind industry giants General Motors and Toyota. This underscores Ford's enduring presence and competitiveness in a dynamic market.
Technical Analysis
While the stock has faced challenges, breaking through support at $11.70, it is essential to note that Ford has broken the ceiling of the falling trend in the medium long term. This suggests a slower initial falling rate, and an established break predicts a further decline.
Conclusion:
In summary, Ford Motor's performance in 2023 showcases resilience, adaptability, and strategic foresight in navigating an ever-evolving automotive landscape. The success in the sales of larger vehicles, coupled with a strong showing in both electric and hybrid segments, positions Ford well for the future. However, the company must remain vigilant amidst economic uncertainties, particularly concerning interest rates, and continue to innovate to stay at the forefront of the rapidly changing automotive industry. As consumers increasingly embrace sustainable and technologically advanced options, Ford's commitment to electrification could be a key driver of its future success.
Ford Slides After New Profit Forecast, UAW Strike-Cost TallyFord pegged the cost of the six-week UAW strikes at $1.7 billion, more than rival GM's $1.1 billion estimate, while issuing an updated 2023 profit forecast.
Ford Motor (NYSE: F) - shares moved lower Thursday after the carmaker followed General Motors (GM) - Get Free Report in reinstating its full-year profit forecasts while noting it will lose around $1.7 billion from the United Auto Workers strike that ended late last month.
Ford said it sees adjusted full-year profit in the region of $10 billion to $10.5 billion, down from its July estimate of between $11 billion and $12 billion. Free cash flow should improve to between $5 billion and $5.5 billion.
The group reached a deal with the UAW on October 26 that will see members receive a 25% pay increase, including an initial boost of around 11% and a further 30% increase in cost-of-living adjustment payments. Ford said the contract would add $8.8 billion in costs over the 4 1/2-year contract.
GM said the six-week UAW strike would would clip around $1.1 billion from the group's bottom line. But as at Ford, GM said it would ultimately improve free cash flows thanks in part to strike-related shutdowns at various facilities around the country.
GM said it saw full-year adjusted profit in the region of $11.7 billion to $12.7 billion, down from its prior forecast of $12 billion to $14 billion. Diluted earnings, GM said, would likely come in between $7.20 and $7.70 a share, compared with its prior range of between $7.15 and $8.15 per share.
The carmaker also said it would boost its quarterly dividend by 33%, to 12 cents a share, starting in 2024 while immediately retiring $6.8 billion in GM stock through its new $10 billion buyback.
Ford - is the bottom in?Hello Friends 😁
The breakout of Ford NYSE:F from the triangle confirms for me that we are in a Wave E and thus in an A-B-C-D-E correction. Wave E has also completed Wave 2, and I expect that it marks the low of the correction for Ford.
I am very curious on how it develops 👀
Bye 🫡
FORD MOTOR CO (F) 1M NYSE:F FORD MOTOR CO (F) 1M
### Current Situation:
- **Stock Price:** $9.84
- **Moving Averages:** Below the 50-day, 100-day, and 200-day Moving Averages (MA)
- **Volume:** 508 million
- **Relative Strength Index (RSI):** Between 50.00 and 40.00
- **Moving Average Convergence Divergence (MACD):** Signals below the histogram
### Analysis:
1. **Price and Moving Averages:**
- The stock trading below the 50-day, 100-day, and 200-day MAs typically indicates a bearish trend.
- This positioning suggests a lack of upward momentum and possibly a bearish sentiment among investors.
- These MAs might act as resistance levels if the stock tries to move upwards.
2. **Volume:**
- A high trading volume of 508 million can indicate strong interest in the stock. However, the interpretation depends on the price movement context. High volume with a price decline can signal strong selling pressure.
3. **Relative Strength Index (RSI):**
- An RSI between 50 and 40 is often considered a neutral zone. However, trending towards 40 can indicate that the stock is approaching the oversold territory, which sometimes precedes a potential upward reversal.
- It's important to watch for whether the RSI crosses below 40, as it could reinforce the bearish trend.
4. **Moving Average Convergence Divergence (MACD):**
- MACD signals being below the histogram, especially if the MACD line is trending downwards, suggests bearish momentum.
- This might indicate that the downward trend is strong and could continue in the short term.
### Implications and Potential Strategies:
- **Short-Term Traders:**
- There might be opportunities for short-selling, given the bearish indicators.
- Watch for any bullish signals or a reversal pattern as an entry point for buy positions.
- **Long-Term Investors:**
- It's essential to consider fundamental factors alongside these technical indicators.
- If the fundamentals are strong, this bearish trend could present a buying opportunity. However, caution is advised until there are signs of trend reversal.
- **Risk Management:**
- Given the bearish indicators, risk management is crucial. Setting stop-loss orders can help mitigate potential losses.
### Conclusion:
The technical analysis suggests a bearish trend for Ford Motors stock in the short term, with several indicators pointing to downward momentum. It's crucial for investors to monitor upcoming price movements and news that might affect the stock. Also, integrating this technical analysis with a fundamental analysis of Ford Motors and the broader market conditions is essential for a well-rounded investment decision.
Remember, investing in the stock market involves risks, and this analysis does not constitute financial advice. It's always advisable to consult with a financial advisor before making investment decisions.
F Ford Motor Company Options Ahead of EarningsIf you haven`t bought F here:
or sold before the previous earnings:
Then analyzing the options chain and the chart patterns of F Ford Motor Company prior to the earnings report this week,
I would consider purchasing the 11.50usd strike price Puts with
an expiration date of 2023-10-27,
for a premium of approximately $0.31.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Buying Ford at trend of higher lows.Ford - 30d expiry - We look to Buy at 11.71 (stop at 11.11)
Trend line support is located at 11.60.
Preferred trade is to buy on dips.
The sequence for trading is higher highs and lows.
11.58 has been pivotal.
We look for a temporary move lower.
In our opinion this stock is undervalued.
Our profit targets will be 13.21 and 13.61
Resistance: 12.35 / 12.91 / 13.20
Support: 12.16 / 11.90 / 11.58
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
FORD Struggling on the 4hour MA200 but bullish nonetheless.Ford Motor / F hit the 4hour MA200 on Wednesday and got rejected, turning sideways.
As long as the 4hour MA50 holds, this is just the consolidation of the uptrend that started on August 25th.
There have been another 3 similar bullish waves in the past 12 months, all of which reached at least the middle of the 0.5 - 0.618 Fibonacci Zone.
Technically this is another such signal, so buy and target 13.70 (middle of the 0.5 - 0.618 Fibonacci).
Follow us, like the idea and leave a comment below!!
Ford is still within the rangeFord is still within the range
This chart shows the weekly candle chart of Ford Motor Company's stock from 2020 to present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, after peaking in early 2022, Ford Motor's company stock directly retreated to the 2.000 level above the bottom of the golden split in the figure, and began a one-year period of fluctuating consolidation of the market! At present, Ford Motor Company's stock is still within the range of volatility consolidation, and there is no sign of any strength to break through the existing range!
F Ford Motor Company Options Ahead of EarningsIf you haven`t bought F here:
Analyzing the options chain and the chart patterns of F Ford Motor Company prior to the earnings report this week,
I would consider purchasing the $14.35 strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TESLA and FORD: Unlikely Collaboration Shakes Up the EV IndustryIn the world of business, collaborations between competitors are rare occurrences. However, an unexpected turn of events recently took place when Tesla, the prominent electric vehicle (EV) giant, and traditional automaker Ford surprised Wall Street by joining forces. This partnership entails Ford customers gaining access to Tesla's supercharger network for charging their vehicles.
The announcement came during a Twitter-spaces event where Ford CEO Jim Farley engaged in a conversation with Elon Musk to discuss the electric vehicle industry. This collaboration aims to provide satisfaction to Ford's customers while potentially benefiting Tesla's shareholders.
This development has the potential to create a lucrative revenue stream that could significantly enhance Tesla's financial resources. Here are the key details you need to know.
As electric vehicles bring about a technological shift, the establishment of charging infrastructure becomes crucial to support the growing number of EVs on the roads. Unlike refueling a car at a gas station, charging an electric vehicle requires compatibility between the vehicle's charging ports and the attachments at the charging station.
Tesla introduced its proprietary charging standard called the North American Charging Standard (NACS), which is used in all its vehicles and charging stations in the United States and Canada. However, many of Tesla's competitors have adopted a different design known as the Combined Charging System (CCS) and consider it the industry standard for electric vehicles. With Tesla having sold more vehicles than its competitors, who are still scaling up their production, the question arises: which design should be considered the true standard?
In an effort to enhance customer experience and boost its EV sales, Ford has strategically decided to leverage Tesla's well-established charging network. As part of the partnership, Ford will provide adapters that enable their current electric vehicles to connect with Tesla's NACS ports instead of the CCS standard. This collaboration holds significant potential for the EV industry as a whole, as increased adoption of the NACS design would further solidify Tesla's position as a market leader. More vehicles utilizing the NACS standard would result in higher charging traffic for Tesla.
This move presents an excellent opportunity for Tesla to generate profitable revenue by attracting non-Tesla drivers to its charging network. Since Tesla has already invested substantial capital in building and expanding its charging infrastructure, any additional payments received from non-Tesla vehicles would greatly contribute to its bottom line.
The exact pricing structure for Ford owners to use Tesla's network is yet to be determined, but there are some indicators. Tesla charges its customers based on kilowatt-hour usage, and non-Tesla users typically pay a premium compared to Tesla owners. Tesla also offers a monthly subscription option priced at $12.99, which reduces the kilowatt-hour rate to match that of Tesla owners. This could give us an estimate of what Ford users might expect to pay.
Currently, revenue from paid supercharging represents a small portion of Tesla's overall business, categorized under services and other in its financial reports. In the first quarter, this revenue segment amounted to $1.8 billion out of a total of $23 billion. Therefore, investors should not expect an immediate significant impact from partnerships like Ford's. However, as electric vehicles still account for just 1.5% of the global fleet, revenue from services like charging has the potential to grow into a substantial category in the coming years.
The partnership between Tesla and Ford can be seen as a strategic move in the ongoing competition within the EV industry. As the industry is still in its early stages, with battles over industry standards and market dominance taking place, it is crucial for investors to closely monitor Tesla's performance.
However, it may not be the most opportune time to purchase Tesla shares, considering their 66% increase since January. The company could start to feel the effects of an economic slowdown, leading analysts to revise their expectations for earnings growth. Additionally, Tesla's inventory has been accumulating each quarter, and price cuts have significantly impacted its operating profit margin, which declined by 779 basis points year over year in the first quarter. Furthermore, the current price-to-earnings (P/E) ratio of 58 might be considered too high.
Given Tesla's stock volatility, with a beta of 2, investors may find buying opportunities in the future. It is advisable to wait for such opportunities before making a decision to invest in Tesla shares.
While the partnership between Tesla and Ford is indeed a noteworthy development in the EV industry, it is important to consider the broader market conditions and evaluate Tesla's financial performance before making any investment decisions. Keeping a close eye on the company's earnings reports, market trends, and potential growth prospects will be crucial for investors looking to capitalize on the evolving landscape of the electric vehicle market.
As the industry continues to evolve and competition intensifies, collaborations like the one between Tesla and Ford demonstrate the willingness of companies to explore innovative solutions and drive the widespread adoption of electric vehicles. This partnership could pave the way for more collaborations and advancements in the industry, ultimately benefiting consumers and contributing to a sustainable future.
However, investors should exercise caution and conduct thorough research before making any investment decisions. The dynamic nature of the electric vehicle market and the potential impact of various factors, such as government policies, technological advancements, and market demand, can significantly influence the performance of companies like Tesla.
In conclusion, the Tesla-Ford partnership marks an unexpected collaboration between two major players in the electric vehicle industry. While the specific implications and financial impact of this alliance are yet to be fully realized, it highlights the evolving nature of the market and the potential for innovative partnerships to shape the future of electric mobility. Investors should closely monitor Tesla's performance and market trends to make informed investment decisions in this dynamic and rapidly growing industry.
Ford to find support at previous support?Ford - 30d expiry - We look to Buy at 12.22 (stop at 11.52)
Previous support located at 12.20.
Expect trading to remain mixed and volatile.
A higher correction is expected.
We look to buy dips.
The medium term bias is neutral.
Our profit targets will be 13.87 and 14.17
Resistance: 14.17 / 14.60 / 15.00
Support: 13.60 / 13.30 / 13.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ford Headed for a Double-TopFord recently exited a triangle at the top, and its 2x measured target lines up exactly with its previously weekly high.
It could move slightly lower than that high instead, stopping at the bottom of the blue box at its 1.5x measured target.
Long until it reaches its 1.5 or 2x measured move, then short.
F Surprised on Earnings Ready for Rising PriceFORD ( F) significantly surprised on earnings no matter that a recession may be underway and
no matter its balance sheet is saddled with debt which is increasingly more expensive to
services. Pre-orders for the Lightning F -150 are strong. On the 2H chart, price has yet to
react to the earnings surprise. Volume has picked up but nothing dramatic. The zero-lag
MACD lines have crossed under the histogram and are now crossing over the zero line.
Price in a sign of strength rose out of its Fibonacci band channel and is just below the
anchored mean VWAP while at the uppermost portion of the high volume area of the volume
profile. I see this as a good place to take a long position targettting $ 12.80 to 13.00
with a stop loss at $ 11.80 below the POC line of the volume profile.