Trading idea for Ford Industries Inc. (NASDAQ)

#F

The stocks trade in the range of 365 and 135 moving averages directed upward. The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Trading idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated pattern.
Stop loss is below the local minimum of the descending pattern (17.50).
Target levels: 21.00; 23.33; 25.57.