Could Ford (F) Regain Its Glory Days?

in #money • 7 years ago

SUMMARY

Here is Ford Motor Company (F); the car company that Honda and Toyota used to kick around! The 2008 financial crisis was the event that arrived to justify the massive ABC ZigZag correction as shown in the below chart.

I'm bullish on Ford because the C wave marked the bottom of a correction and that means the original trend (up) should resume. I believe it already has as shown by the white wave 1 and 2 being complete. Now, white wave 3 is expected and the blue waves mapp out its subwawves. Per this count, I believe Ford can regain and go beyond its glory day price levels.

The MACD also looks to be very supportive in that it's traversing within a symmetrical triangle. The white arrow shows the projected price pathway.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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7 years ago in #money by
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     7 years ago  

    I think the Ford motor company is the only American automaker that will still thrive when this auto bubble (bad loans) burst. I heard today that they decided to only make Trucks and SUV's going forward....is that correct?

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     7 years ago  

    Elliott Wave analysis states the news and events will arrive to justify the forecast. I recall during 2008 crisis, Ford was the only one who didn’t need a bailout. I believe that will remain for the future.

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     7 years ago  

    Sure..!! We expect a glory days...@haejin..
    But i have a question. why MinnowBoosted downvoted you buddy??

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       7 years ago  

      Note that minnowboosted is NOt the same as minnobooster.

      Why the downvote? Usually it’s a troll or a hater.

      [-]
       7 years ago  

      Thanks..@haejin

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       7 years ago (edited) 

      Why the downvote? Usually it’s a troll or a hater.

      I remember when i downvoted you. Usually to show disagreement on your daily income of more than $2000 SBD.

      there is no issue if you earned the $200+ you do per post from your followers. but with you that is not the case:

      @ranchorelaxo upvote in this post is: $ 220.83 / ~ 381.97 USD
      and the current payout of this post is: $ 247.96 ( 280 Votes / ~ 428.89 USD )

      your real value (from your followers) is like $ 20+

      all your post are the same, ranchorelaxo upvotes everypost for $200+ , i do not hate you or envy you. I have shame on you, for trying to fool everyone, starting with your followers

      wonder why @dan downvoted you when he did. i mean he is not a troll or hater, right? :)

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         7 years ago  

        Good Q ~ Detroit City needs a ray of hope and a prayer!
        STEEM Onward!

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           7 years ago  

          very good can you suport me bro?

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             7 years ago  

            Hopefully.... I'm looking forward to the best

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               7 years ago  

              I remember back shortly following the 2008 crash ford had dipped down to around a buck. I think I bought it between a buck or two and sold at like $6. There were a ton of great bargians back then DOW chemical, Sirius radio, you could literally throw darts at a stock chart back then and make a fortune

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               7 years ago  

              i mean at the end of the day the Ford F150 is still the best selling vehicle in Canada and the US so i can't see stocks plummeting unless someone brings something better the the table

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               7 years ago  

              I own some ford stock, and hope your analysis is spot on. all of the old-school car companies have a lot of internal combustion engine baggage, and a deep-rooted resistance to the change needed to change transportation.
              Every time I see Ford do something really positive, the market does not react well, because their past has not been so innovative (since the pony car of the 60's). A mustang convertible on a Tesla-like chassis? I would love to own it...