The Long Investor

$F TOP 20

Added 2023-09-17 22:07:18 +0000 UTC

$F was in the news all week as talks broke down between a consortium and UAW about pay and conditions.....we spoke before that it was difficult to understand why $F had such a large decline between $15 down to $11 and now we know why, the market anticipated this strike action and it is possible that effects of the strike is now factored into the share price....as the share price has been recovering very well since the news broke this week.

Still a bit of work to do here but the price is above the wedge and just topped out at the 200 Day MA this week, I expect a pull back to the wedge line again possibly and a test of support here....a successful hold at this support level and $F is in a good position to continue higher as shown.