2011. október 3., hétfő

F - Ford Motor Co.

First of all, have a look at the weekly chart! We can see, that it formed an almost 2-year top. Ford started this week with a definite breakdown of the 9.8 support and this attempt seems to me quite authentic. In september the price once left the support downwards, but the buyers pulled it back above the critical level. They could think, that it was a false breakdown. But the course is back again in the dangerous zone. And i think, this second attempt could be successful.
On the weekly chart the first tough support can be found at 9.07, where the 200-week moving average may stop the falling. Below this support, the bottom of the falling trend-channel could be the next stop (well below 8.00), but in my opinion, the really strong support is only the 6.50 level. It may say stop for the sellers for a bit longer period. In order to cancel this scenario, the buyers should pull the price above the left support-line quickly, and break above the top of the falling channel. In this case, the price could reach 11.5 or even 12.5.


Daily: new closing-low. It predicts the continued falling trend. For the short-term turn-round, the price should rise above the resistance and the steep falling trendline. In this case, the 50-day moving average and the gap around 10.7-10.8 could be achievable. For the break-through of these strong resistances, the buyers should mobilize all of their reserves.
(The cross of MACD also confirms the bearish scenario.)


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