The Long Investor

$F TOP 20

Added 2023-11-19 16:39:59 +0000 UTC

$F is tapping on the $10.60 level again during the week and managed to hold its previous low level too.

$F needs more of this and crucially needs to break above this resistance level before it becomes rock solid and the only other direction to go is down to the white Fib levels to try and find support there.

It is not over for the bulls yet.

There has been some movement into cyclicals again this week, with hotels and travel stocks doing very well, $F may benefit from this as well and if money is transferred from Mega Caps to value stocks during the market pull back.....this is the best case scenario for $F.

Fundamentally, $F is not looking bad but neither is $GM but both share prices have been heavily damaged by the UAWs strike.