FORD F SWING TRADE SETUP DOUBLE BOTTOM

7 באוג׳ 2022

F

From the 2H chart, F had a double bottom on June 17th and July 6, with the former being the day SPY bottomed.

Now in a solid uptrend buying volume through the recent earnings.

Fundamentally earnings were favorable.

F has run up 30% in the past month.

I am thinking of a long trade once resistance at 16.11 is broken.