$F
Added 2024-07-31 09:04:57 +0000 UTC$F has dropped hard post earnings from $14 down to $10, what looked like a bullish move leading to earnings, the price was unable to break out of the wedge and hold above $14 and now is threatening to test the $10 support level, which has been in place since mid 2022, losing this level and $F is into the bear case and buy zone....last time it entered here was in mid July when they have a difficult strike action with UAW.
I think $F will likely stay within this wedge for the foreseeable until they can start delivering on positive reports and stop losing revenue and margins on some projects.
