$F is flirting with the wedge breakout here which has been coming.
We know this has been due a bounce and it has been in a strong area of support, by holding between the 0.618 - 0.65 Golden ratio Fib levels.
Next levels to watch will be getting above the 0.618 Fib at $12.40
The the 200 Day MA at $12.80 and then the 50 Day MA just slightly above....I think $F will have no issues getting above these levels over the next while.
Rob D
2023-08-31 16:55:05 +0000 UTC