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Fan Yang

Ford (F) Price Action So Far Confirms a Bullish Breakout

We recently saw Ford $F break above some key resistance levels, which signaled a bullish scenario. We sawFord in a pullback and said we should monitor 12.20 for support. Indeed price held above this level and confirmed the bullish breakout.

Ford Daily Chart

(click to enlarge)

Breakout:
- The daily chart shows price breaking above a falling resistance.
- Then after a couple months of consolidation, price broke higher again.
- Last week's action confirmed this bullish breakout.
- The weekly chart shows upside towards the 14-14.25 area. 

F Weekly Chart

(click to enlarge)

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