Trade idea for Ford Industries Inc. (NASDAQ)

#F

The share fluctuates between 365 and 135 upbound moving averages. The descendant structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant wave structure.

Stop-loss is below the local minimum of the descendant wave structure — 15.94.

Target levels: 19.12; 21.00.