December 10, 2020, 9:51 am EST
2020 Actual Trade: F +18% Profits
When an engine is turned on and you hear a roaring sound, it is time to fasten your seat-belt and get ready for a move. If you are not on board, you need to get on quickly or missing a good ride.
Ford Motor Co (F) is a 37 billion market capital company with more than 190K workers worldwide. It build cars since 1959 with famous truck like F-150 that dominated auto markets as #1 most popular truck even today. Recently, electric car makers Tesla (TSLA) and Nikola (NKLA) have become a big threat to Ford because of their newer technology and green energy tag. However, Ford is not left behind after many efforts on R&D to develop its own electric truck. This is the fundamental reason that gives F a foundation to quickly get out of the dip on March climb the hills:
- Notice tight range between 6.5-7.3 for three months duration (July – October)
- Breaking out 7.5 resistance in October means engine has been turned on
- Pullback process or short-term consolidation offers the best timing to get on the car and fasten seat belt for a ride
- About 6 sessions later 10/20 appeared a perfect entry point at 7.82
- F ran fast and changed gear with a little pullback but strong support around 7.7
- Then, F kept pushing pedal, changing gear and running uphill for about 6 weeks to its finish line with +18% profits on 12/10
