M4CH1N3

F headed to $17.65 to test monthly resistance going back to GFC

Long
NYSE:F   FORD MTR CO DEL
Ford been making good technical progress and recently broke out on the daily. Monthly here looks like it's set to test $17.65 which has been a resistance level going back to the global financial crisis.

Rivian IPO in should be coming up in a few weeks and F has been a meaningful investor there. At $80B valuation expected for Rivian and 0 vehicles delivered yet, Ford should get a nice bump at its ~$56B mkt cap.

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