Ford (F) Incomplete On The Upside

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By Mike Paulenoff | Published 02/19/2010 | Stocks | Unrated

Ford (F) Incomplete On The Upside

The January-February high-level bullish consolidation area in Ford (F) may be over, ahead of a thrust towards 13.50-14.00 next, or the pattern may need to press F down to 11.00-10.80 again to complete the larger bullish coil. Either way, what my work is telling me is that the overall medium- and longer-term pattern in F is incomplete on the upside and has unfinished business in the 13.50 to 15.00 target zone.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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