StockBrosResearch

Engulfing candle at resistance. Use Ford as hedge

Short
NYSE:F   FORD MTR CO DEL
The market is undoubtedly in a raging up trend, therefore, I usually have many long positions open. Sometimes I will short weak stocks to protect my long exposure. F seems like an ideal candidate here after that engulfing candle at resistance. Try to get a good risk to reward entry. Stop loss above $7.45, target near $7.10.

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