Perfect entry for a great company

1 thg 11, 2013

A couple of days ago I was still skeptical to trade Ford. The stock price was just over its resistance level and I had a feeling that it would drop back again. It proved out to be a false breakout. I expect this stock to breakout this time given that an ascending triangle pattern is present. After this I expect it to continue its upwards direction.

Price Target: $18
Entry Price: $17

**Tommorow i'll post on my website, fonzotrader.com , a more thorough analysis on this stock.