May 12, 2013

FORD Weekend update

  • First chart shows price nearing its immediate resistance level at 14.3
  • Second chart shows price above 50% Fib level in weekly chart. Sustaining above this crucial fib level may lead to a bigger up move. Price falling below this may give a Bearish Double top pattern.
  • Last chart shows a weekly bullish inverted head and shoulders pattern.

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