ericsolan

F SHORT potential on trendline breakdown

Corto
ericsolan Actualizado   
NYSE:F   FORD MTR CO DEL
As F breaks its minor upward trendline , a short position is entered with a tight stop.
As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $8

Factors leading to the decision:
Medium-term upward trendline broken
A recent small retracement created a lower-high which is an ideal place to put a tight stop for the trade

As always, use a tight-stop and if it rips down, let it run and trail stops behind.
Comentarios:
Still hangin onto this trade... moved stop to 5.93
Comentarios:
Stop moved to 5.76
Comentarios:
Stop moved down to 5.29
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