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.

No comments:

Trend Analysis LLC Headline Animator