FORD MTR CO DELUpdated Ford: Fake Out, heading to $6-8
Ford with the fake breakout on the heels of the TSLA deal. Likely heading to the $6-8 region by late 2023-early 2024, then I will buy in that region for the move up to new ATHs.
Note
Holding up better than I would have expected so far, but primary thesis is still unchanged.Note
Looks like it is safe to say that I was mistaken on this one. I believe the small cap rally in general has steam left, from which Ford should be a beneficiary. However, my bias is still that Ford will ultimately head to single-digits at some point as the fundamental outlook is not very good at all.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.