Trade Idea for Ford Industries Inc. (NASDAQ)

Ford Industries Inc. (NASDAQ)

#F

    The trend is bullish. The stock is trading within the range between the 365 EMA and 135 EMA. The truncated descending wave structure has completed with a breakout of the trend channel. The Awesome Oscillator show bullish divergence, while the Stochastic Oscillator also signals oversold conditions.

Trading Idea:

Buy upon the formation of an ascending wave structure, where wave (A) breaks through the trend channel of the truncated descending structure.

Stop Loss: 13.24.

Target levels: 13.45; 13.80.