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Thursday, 20 November 2014

Ford Motor Company: 20 November 2014, Thursday, 11.55pm Singapore Time


Ford Motor Company: 20 November 2014, Thursday, 11.55pm Singapore Time
Chart courtesy of StockCharts.com

Attached above is the chart of Ford (NYSE: F) with current price at $15.40.
+ Fake breakdown at double black line support
+ Low volume breakdown coupled with high volume absorption of selling. 
Smart money planning to whip out Ford short-sellers and break up $17.50 for the real shorting.

$17.50 resistance will be broken upwards in 1H-2015.


Donovan Norfolk Technical Rating:
Bullish
Take profits on break up of $17.50.



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2 comments:

  1. Hello, Sir. I'm a stock trader in the Philippine market. I'm curious/interested in opening account in the US. What online stockbroker would you recommend for international clients and how much is the initial deposit? Thank you very much.

    ReplyDelete
  2. I usually don't make recommendations on brokerages. However, I think IGmarket is pretty good. It is also a reputable company, being a UK FTSE100 index stock company.

    ReplyDelete