Ford about to Break Down?
One of the feel good stories of 2009-2010 was the rejuvenation of Ford Motor Co (F). I’m not really a car guy, so I really have no idea how that worked out. I don’t have an opinion on how well the company is performing as an auto-maker. What I do have an opinion about what I see in its chart. Over the last 3 years, F has formed an imperfect but clearly detectable Head and Shoulders pattern. Ford is currently flirting with what would be neckline support, and performing very poorly (-4%) on a market-wide big up day (+2%).