MichaelMF

Ford- Breakout soon?

Long
NYSE:F   FORD MTR CO DEL
Daily gap fill around $10.15

RSI just left a slight down trend, retested and bounced back.

MACD losing downward pressure, looking to turn green soon.

Right around 59 or a little above seems to be where selling pressure lies on the MFI. A break and hold above could lead to gains.

100 day EMA looks to be offering pretty good support rn. Other EMA's in the cluster here offering resistance.

May of 18 and March of 19 was the last time a few EMA's were bunched up, both led to upside. Approximately $11.18-$12.12 for 2018 and $8.51-$10.47 for 2019.



This is not advice nor long term.
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