This video covers the near-term & longer-term outlook for the automotive industry including trade ideas on the major automakers, including price targets as well as support & resistance levels. playback speed can be increased in the settings to reduce video duration I had planned to cover the chart of RACE (Ferrari NV) in the video but mistaken left it out. The stock appears poised for a ~13% drop to at least the 103.53 area following the recent breakdown & backtest of the primary uptrend line & divergent high & may be added as an official short trade idea soon. Daily chart [...]
Reason #1 F (Ford Motor Co.) is backtesting this weekly downtrend line, which is likely to act as support. F weekly Jan 26th Reason #2: Ford has fallen to support on the daily time frame while oversold for the first time since the Aug '17 divergent low, just before it rallied 29% to the recent divergent high. F daily Jan 26th Reason #3 Ford has bullish divergences on the 60-minute time frame as it hits support on both the daily & weekly time frames. Minimum bounce target 11.88 (unadjusted target, actual resistance level.. best to set your [...]
One of the sectors that I'm closing monitoring for a potentially lucrative swing shorting opp are the major automakers. U.S auto manufacturers collectively reported lower U.S. sales in December, with total sales for 2017 falling shy of the record set in 2016 and representing the first annual decline since the financial crisis eight years ago. Auto Sales Jan 18th With sales of autos & light trucks hovering at the high-end of the historic range for the last several years & reliability of new cars continuing to improve, it is hard to argue that there is or will soon be [...]
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
F daily Feb 3rd The F (Ford Motor Co) short trade has hit the profit target for a 13.3% gain. Consider booking full profits as this was the sole profit target & the R/R to remain short is no longer very favorable at this point. Click here for the live chart of F
F (Ford Motor Co) daily F (Ford Motor Corp) is offering another objective short entry or add-on with this bounce back to the former first support (now resistance) level. F was added as an Active Short Trade at 16.64 on Dec 3rd with a profit target of 14.42 but also mentioning the S2 level (15.85-15.71) as another option for booking full or partial profits. The stock did go on to hit & slightly exceed that support level before bouncing and once again offers an objective short entry or add-on here at the dual intersecting resistance levels (former S1 support, [...]
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 [...]