RS3175

One Hurdle Before Uptrend

Long
NYSE:F   FORD MTR CO DEL
F has bounced from a major support level. It's oversold. There were two minor RSI failure swings. Lowest low was 22. Next low was 26.06. The current low is 26.34. RSI oscillator has crossed RSI average. According to Squeeze Momentum indicator, bearish momentum is getting weaker. F needs to break the neck of W formation to start an uptrend.
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