Ford - multiple cup & handle in a rising wedge
Cup of tea anyone? Ford seems to be drinking a lot just now, with multiple bullish cup & handle set ups but no successful breakouts.
$7 - 7.5/shr is providing really strong resistance but the stock is coming to the pointy-end of a rising wedge that might provide a break-through.
Waiting on a material break of $7.50 before going long.
$7 - 7.5/shr is providing really strong resistance but the stock is coming to the pointy-end of a rising wedge that might provide a break-through.
Waiting on a material break of $7.50 before going long.
Kommentar:
A clear break-out of resistance today, if it can hold then $8 to $9 becomes the near-term target.