Ford's cycle analysis seems to indicate a peak for the near term (Earnings is a wild card here). Its also hitting up against 78.6% short term Fib levels at $13.86. With Ford cutting its prices on Mach-E will out pressure on revenue and Ford would have to increase its sale (hopefully due to demand from reduced prices).
As cycles indicate a peaking and with ER around the corner, I am out of this position for now. ER could be the deciding factor to see if Ford still remains within the cyclic channels or if the cycles need to shift.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
As cycles indicate a peaking and with ER around the corner, I am out of this position for now. ER could be the deciding factor to see if Ford still remains within the cyclic channels or if the cycles need to shift.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
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