$F TOP 20
Added 2023-08-26 19:58:00 +0000 UTCFinished the week just above the 0.65 Fib and getting closer and closer to the wedge apex. This has been a very strong pull back since $15.50 at the start of July, a lot of ICE and EV manufacturers have felt this pull back too, $NIO's pull back is almost identical to this too apart from the leveling off at the bottom for $NIO.
I suspect a bounce will be coming soon here for $F too, RSI is down at 23 now and for a company like $F, it does not tend to stay long in the oversold territory.
It is also well below its 50 and 200 Day MA now too, so investors may return shortly as they feel this is back on sale.
Holders here should be comfortable that they have a good company that should have no issues recovering.
Comments
How do you feel about the union going on strike? Will this effect the price much? If so, I know it will recover.
Dusty Eggen
2023-08-26 20:10:11 +0000 UTC
