Stock to watch week 33 2018

Normally we never recommend to buy a stock that is in downtrend, like this one.
Ford (NYSE:F) has been in downtrend since mid 2014 and has formed a down trend channel ever since.
But, in this case, we believe the story is different. During the next week, we will see if Supportline will hold and reject the price. If Supportline is Strong and the price will start to move up again, then we have a potential profit on 10-20%. We will take profit around 10.50-11.00, but the hardcore trader might take profit later.
In case of gong long, remember to set Stoploss around : 9.00.
If price break through supportline, then stay away or consider to go short on Ford (NYSE:F).

Stock to watch week 33 2018

Stock to watch week 33 2018

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