Monday, 22 August 2011

Auto Companies

The stock chart of Ford Motor (F) caught my attention. Look at the 2 inverted hammers formed formed at current support. Interesting.. However, a check with General Motors does not reveal the same reversal candlestick patters. Nonetheless, I have no doubt that traders might take this trading signal with a stop loss just below the low of the inverted hammer at $9.90.

Ford Motor (F)


General Motors (GM)
  

Have a great week ahead.


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