June 30, 2012

Ford Motor Weekend Update


  • Ford Motor co Daily and Weekly charts continue to look bearish.
  • Friday the stock broke down from a range. Weekly chart shows a bearish flag breakdown, Weekly stochastic does not show any reversal signs. 
  • Third chart shows a possible support line which may give a reversal for the stock, But this support line is also the neck line of a big Head and Shoulders pattern. Bulls of Ford must hope that this pattern gets failed to avoid a bigger correction.
  • SPY WEEKEND UPDATE


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