Looking at the 6 month trend for Ford we can see that a reversal is finally happening from the selling side to the buying side! After this 2 week long sell off from our high of 16 and dropping to lows of 14.50 the selling might be starting to slow down and we can see some upwards movement from here back to 16. Ford will be releasing earnings from Q2 here in the next month and is expected to beat analysts expectations which is a very bullish sign. The pre-orders for the F-150 lightning and the Bronco have been through the roof being the main driving factor behind these revenue beats. I believe this should provide for a strong bullish push on Ford here in the next few months.
This is my opinion.
This is my opinion.