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FORD Struggling on the 4hour MA200 but bullish nonetheless.
Ford Motor / F hit the 4hour MA200 on Wednesday and got rejected, turning sideways.
As long as the 4hour MA50 holds, this is just the consolidation of the uptrend that started on August 25th.
There have been another 3 similar bullish waves in the past 12 months, all of which reached at least the middle of the 0.5 - 0.618 Fibonacci Zone.
Technically this is another such signal, so buy and target 13.70 (middle of the 0.5 - 0.618 Fibonacci).
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As long as the 4hour MA50 holds, this is just the consolidation of the uptrend that started on August 25th.
There have been another 3 similar bullish waves in the past 12 months, all of which reached at least the middle of the 0.5 - 0.618 Fibonacci Zone.
Technically this is another such signal, so buy and target 13.70 (middle of the 0.5 - 0.618 Fibonacci).
Follow us, like the idea and leave a comment below!!
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