Ford ($F) Symmetrical Triangle Bullish, Insider Buying.

9 במאי 2020

As you can see, a nice bullish symmetrical triangle has formed on the chart recently, and you can also see some double bottom patterns before and recently it bounced off the double bottom. This was due also because of the catalyst of Ford beginning their production again once more. One very interesting thing, however, is that the COO(Chief Operating Officer) actually spent his entire salary worth millions of dollars into buying Ford at 5.01 dollars a share. Knowing these patterns, as well as the insider buying, this was a easy buy especially at that double bottom. The symmetrical triangle also shows more promise on the long term and by the end of next week I suspect that it will atleast be over 5.5 dollars a share if not more and you can see today it already shot up by around 7 precent.