This should only be a corrective pattern and we will be looking for 7.33, 6.87 and 6.42 for possible downside targets. Upon completion of this corrective pattern the stock should make an even stronger push higher.
Wednesday, May 7, 2008
FORD - Corrective Wave In Force
Ford stock appears to have just completed a very strong first leg higher and today confirmed that a corrective wave is in process.
This should only be a corrective pattern and we will be looking for 7.33, 6.87 and 6.42 for possible downside targets. Upon completion of this corrective pattern the stock should make an even stronger push higher.
This should only be a corrective pattern and we will be looking for 7.33, 6.87 and 6.42 for possible downside targets. Upon completion of this corrective pattern the stock should make an even stronger push higher.
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