We have Ford releasing earnings after close on Thursday. In the meantime the chart is of interest. last week we printed a weekly bearish Key Reversal / Engulfing Candle. How much of that is down to sentiment, and how much down to pre-earnings plays? I suspect its more the former rather than the latter.
All automotive firms have been engulfed by the negative sentiment around the recent challenges in the US auto loans debacles. The question is: is it enough to drag Ford down further, or is it merely a temporary blip that offers a long term buying option? Personally seeing price squeezed between two moving averages is normally the calm before the storm - its price coiling up before it makes its next move. Can Fords earnings be the catalyst that pushes price higher? Or do the numbers disappoint and we drift lower on overall negative sentiment?
All automotive firms have been engulfed by the negative sentiment around the recent challenges in the US auto loans debacles. The question is: is it enough to drag Ford down further, or is it merely a temporary blip that offers a long term buying option? Personally seeing price squeezed between two moving averages is normally the calm before the storm - its price coiling up before it makes its next move. Can Fords earnings be the catalyst that pushes price higher? Or do the numbers disappoint and we drift lower on overall negative sentiment?
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。