This pull back has been aggressive and has lost some crucial support lines but I am absolutely not buying this pull back as anything more than an unnecessary over reaction. This is not a weak, risky stock, this is one of the most established companies available on the market and they have been through more adversaries than any other company.....so will $F recover from the effects of high interest rates?....of course they will and they may be taking longer to transition to the EV market but eventually they will succeed, like they always do.
In the 1920's the most popular car in the US was a Ford
In the 1960's the most popular car in the US was a Ford.
In the 1990's the most popular car in the US was a Ford.
And their F Series has been the best selling vehicle for the last 41 years.
This historical brand loyalty will continue.
$F will find support shortly and reverse, we have wanted $F to go into the buy zone for many months now and it has always shown strength, we will gladly buy if $10.60 is touched and will accumulate while it is in the buy zone.