F Surprised on Earnings Ready for Rising Price

FORD ( 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.
anchoredvwapFibonacciFORDfordlongfordmotorcompanyGMOscillatorsTesla Motors (TSLA)volumeprofileanalysisVolume

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