September 23, 2012

FORD Motor Weekend update

  • Ford Motor weekly chart shows price weakness at the falling resistance line
  • Daily chart is approaching 200 Day SMA. Daily chart is also trying to put an inverted Head and shoulders pattern. 
  • last chart shows a bullish cross with 20 and 100 Day SMA Near 9.90 levels. With the MACD looking negative we may see a correction towards 100 SMA. If this level acts as support we may see an Inverted Head and Shoulders pattern.
  • BEAR FLAG OF COCA COLA



No comments:

Post a Comment