The Long Investor

$F TOP 20

Added 2023-08-10 17:59:32 +0000 UTC

$F has certainly showed weakness today and this is due in part to trade union talks and staff, a lot of union members around the country are experiencing pay increase, pilots and delivery works being the popular mentioned ones, with UPS securing a pay salary of $170k for top of scale workers.....which is an unskilled job, so $F workers will likely feel they deserve better.

The concern is that this will increase $F's costs while currently in a price war with $TSLA and reducing their prices on EV's.

Short term issue I feel and long term this is good value....the lower the price, the more value you will get.

The bottom of the wedge trend line is at $11.50 here, as the price has struggled to hold the 0.618 and 0.78 Fib.

Support needs to be shown here soon.

Buy zone is below $10.60....so regardless of what happens, I will be buying in this zone.