July 7, 2013

  • Ford 30 Minutes chart shows price trending up above the cloud.
  • Weekly chart shows price closing above resistance level of 16.09. Sustaining above 16.09 price is likely to continue this up move.
  • Monthly chart shows immediate resistance levels or targets at 17.03 and 17.42.
  • IWM Weekly chart nearing resistance level.
  • Daily chart shows price making a Higher close.
  • Daily MACD Shows a bullish cross which may favor bulls to break above the resistance level.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore