Ford (F) - Stage 2 secondary entry point
Ford is a stock I've been following for a while now, since it's Stage 2A breakout late in 2012. I originally did a write up on the previous thread #Post#764 here: http://www.trade2win.com/boards/technica...ost2048194 and mentioned that the Stage 2A breakout had been missed, so I needed to look for a pullback entry to the secondary lower risk entry point. Which I believe we now have, as it last week closed above the previous weeks high after testing support from the early 2012 range. The negative though is that it's still below it's most recent small consolidation and the 50 day MA, so that adds some near term risk to the entry. But at the current level it will give a reasonable 2.94 x ATR(200) risk for a trader stop loss.
Cumulative volume on the P&F chart shows that the pullback volume has only been half the breakout column volume, and relative performance is still above the Mansfield daily and weekly zero lines.
The trader stop loss would go at 11.99 and the investor stop would go at 10.75 imo. Attached is the charts.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.