When/if Ford nears the mid 15s, I will enter an initial position due to the 98SMA on the daily chart. The 98SMA historically has acted as support/resistance. I think it will act as support this go around.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfJE1oS4jou5soppyiMv1vSeHkjLBNU2UKY9Bq8t6zJHVTieHpZMbzi07VOxMNAI2efGF9JXH3kFSmRNH6-g_8tTkzRscOv0ZcdXthST02TGam1Gm6ALNJspXY2jMyppvJnbiNWPlzOxo/s400/sc-1.png)
If the 98SMA does not hold, I will enter a second position at the weekly 28SMA, around mid/high 14. High 14 also happens to be the low-end of the trailing PE range (of 8-9) that I think is very conservative for Ford given its nice balance sheet. (see the 'forward PE' link at the top right, under Links)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZtLaw5QqhnA3LM0nQcERQnZnf7MrmSe-j7qG-Hu1nW5eGe4F3a-ShfCYx0yxzm2BKgp48Az019am2NxxhEqsMxB7SqsYrxW-Aick343kIiATEigeKsLGVefadHGovCa5ut83OQOnqTl0/s400/sc.png)
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