Trade Idea for Ford Industries Inc. (NASDAQ)
Ford Industries Inc. (NASDAQ)
#F
The trend is bullish. The stock is trading within the range between the 365 EMA and 135 EMA. The truncated descending wave structure has completed with a breakout of the trend channel. The Awesome Oscillator show bullish divergence, while the Stochastic Oscillator also signals oversold conditions.
Trading Idea:
Buy upon the formation of an ascending wave structure, where wave (A) breaks through the trend channel of the truncated descending structure.
Stop Loss: 13.24.
Target levels: 13.45; 13.80.
