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Ford

Posted by StockBuz on August 11, 2012 at 6:57pm
$F is intriguing me now. Oversold on monthly and weekly timeframes, it is also at the 50% fib level which is very commonly an area for a reversal in trend. In a falling wedge now, even if it breaks out I will begin accumulating shares on daily oversold conditions going forward. Wedge breakouts *can* surpass the low on tests of support which is why I will accumulate down there. Stop within your own tolerance however this name isn't going anywhere. Long/hold anything under $9 I think is a great price.

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Tags: long-ideas, f, ford
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