Some late in the evening breaking news, it appears that UAW and $F have a tentative labour deal in place and could be presented to the workers asap. This is as a 6 week aggressive strike that could not have come at the worst time for $F's share price.
AH is up a 2% but what holders want to see now is the yellow trend line recaptured at $11.50.
Flipping this to support could mean that the bottom is in.
Also, the details in the agreement need to be announced too.....I suspect $F has moved on their position and has offered a pay deal which will increase their costs but lets see how reasonable it is.
Saad A
2023-10-26 13:52:38 +0000 UTC