F (Ford Motor Co) could be shorted here following the recent breakdown below the bearish rising wedge pattern and will be added as an Active Short Trade. As prices currently sit just above support around the 16.55 area, one could also wait for a solid break below that level before initiating or adding to a short position. As of now, my sole profit target for this trade is 14.42 although one could also take full or partial profits at the top of the S2 (second support) level which comes in around 15.85-15.71. Daily chart shown here or click here to view the live chart.
