FORD MOTORS - BUYA nice buying opportunity on ford motors after completing its second corrective wave.
FORD trade ideas
F-LONGInvestment in the legend of the American automobile industry 1-3 years, above the trend line went to the upper channel, the formation of a double bottom on the higher timeframe! On the daily chart, we are in the overbought zone according to the psiI indicator, but why not take an investment, a company with a world name and history! Yes, Ford produces excellent cars, trucks, and of course electric cars, and the company is cheaper than the raging Tesla, history can not be erased! About Henry Ford....
F BUILT TOUGHThe fully electric F-150 seems to be a more popular choice for a pick-up to consumers. Plus the highly anticipated 2021 Ford Bronco will be released this year to consumers. We'll see in the coming days how the price plays in the $11 range. I think this stock is under valued. Also, perhaps they are holding out on dividends to secure cash and reach a certain stock price that is manageable to reopen dividend payouts.
Interesting to see which way it will go when it reports earnings early February!!
Broke through Long term resistance and out of Cup & Handle Ford has taken a beating the last few years, from EV's moving into the market and recessions, coronavirus, and recalls, Ford seemed destined to crash and burn. Ford has been moving into the EV market for alot longer than most people realize. In fact in 2019 Ford had the largest public charging network for their EV line with over 12,000 places to charge, with over 35,000 charge plugs. At the time, that was more than any other car manufacturer in North America. Whether investors are just kinda realizing that or just a delayed response, the last few weeks Ford has been making moves, smashing through 2 long term resistance points that were support from 2018 and beyond. This move has been impressive, and with the uptick in volume, I see this continuing. I believe we just broke out of a cup an handle formation and I am shooting for the resistance area between 17-20. Try and catch a dip.
Let me know what you think about this or post charts of anything you are looking at in the charts below. I'm here to learn more than anything. Thanks for reading.
Peace & Prosperity to Everbody
Ford earnings 2/4 at 4:05pm options trade ideaFord earning 2/4 at 4:05pm
Consensus: ($0.08)
Revenue: $33.30 Billion
Trade idea: In the money strangle calendar spread
buy 2/19 expiry $10 call = $100
buy 2/05 expiry $11 put = $67
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
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+5% portfolio trades, risk management
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FOMO : bad timing
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Forgetting restraint
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Fibonacci VIP - volume
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pi RSI - trend momentum
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