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Trading idea for Ford Industries Inc. (NASDAQ)


#F

The share is traded between 365 and 135 moving averages. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The support level 14.55 has formed.

Trading idea:

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

Stop-loss is under the local minimum of the descendant structure (14.55).

Target levels: 18.24; 21.00.

Author: GC
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