Long Bias on Ford

Ford Has broken out of a triangle retail formation and has successfully retested strong levels of support. Ford will continue to push higher if reoccurring positive news comes out and it follows a positive correlation in its fundamental side, positive returns, profitability, etc. This is not a day trade but rather a long term hold. Ford has made similar movements and analyzing its historical data, its very likely that this trade will play out right. The take profit is extended to a 200% mark on the fib and that is a final TP, take profits along the way, secure your position with a stop loss and be safe out there! Anything can happen.