$F TOP 20
Added 2023-07-23 18:49:20 +0000 UTC$F does not get spoken about a lot in our group but the chart has been very readable but its simply not $TSLA or a solely EV stock so its not 'sexy' to own.....but we need to move away from this, let the chart and fundamentals determine what we should buy.....banking profits is sexy, I do not care what the company does.
This pull back has been aggressive since coming close to our First Target, $F slashing the price of its F150 truck due to competition from $TSLA has hurt its share price....but we know that this corrective wave was coming anyway.
I have just put in Waves ABC as shown because although Wave A and B is short and not typical, it is still valid.
So I am watching for Wave C to hit the 0.5 Fib which is exactly where the 50 Day MA is.
If support is held here, this could start moving higher next. If this is lost then its ABC correction will continue down lower, possibly to the 200 day MA below $13.
