Showing posts with label Auto Companies. Show all posts
Showing posts with label Auto Companies. Show all posts

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.