Ford is about to give a buy signal based on previous CCI, and Slow Stochastics. Previously, CCI gave an early buy signal on the dip near -200. Then slow stochastics completes the buy signal by hooking back from under 20 to over 20. There have been fake outs on the slow stoch signal before, and FORD did it again on this pull back. Also, FORD has been a little frisky lately so shorts may be getting antsy. However, THERE is a big difference right now that should not be minimized. FORD was in a healthy uptrend on all previous buy signals, as they coincided with bounces off the trend line. This time FORD is in a down trend and is bouncing near 200 day sma. There are a lot of people underwater here, so trade carefully.
DT
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment