Ford Update

Posted by downtowntrader | 9/20/2005 01:05:00 AM | 0 comments »

Dave, This ford's for you. We have a well defined uptrend line that has been tested when slow stochastics drops below 20. Each has been a strong buy signal. Looks like Slow Stochastics cross down from above 80 has been a reliable sell signal. Most recent candle was very bullish completing a morning star. Right now there is support at the trendline and 50 ma. If that breaks, look for possible support at 24 or more likely 22.50 (50% retrace and former support). I have a $36 target if it can close above $30. Good Luck.