Stock Trading Predictions & Technical Analysis: F

Tuesday, March 2, 2010

F - Dark Cloud

F - SELL SIGNAL

Although F has been in a major up trend since early November, F has given us a minor SELL SIGNAL today with a dark cloud pattern. The current major up trend is still intact and will remain so as long as stays above its 50 day MA, however the dark cloud pattern does lead me to believe that F will shortly start pulling back as low as around $11.75, $11.45 and $11.15. Basically, what I'm saying is that I believe that there will be an opportunity to get in lower around these levels, once F bounces back up one of them, of course. The stochastic has also given us a SELL SIGNAL today, which strengthens the possibility of seeing a pullback. F is now a WAIT for a BUY SIGNAL. If you are long F, you may consider exiting your position now to perhaps get back in at a cheaper price if you wish to do so. I believe that there is a good chance F will break just below $12.00 tomorrow or Thursday. If F manages to close above today's high of $12.68 tomorrow, the dark cloud pattern will be considered to have failed.

1 comment:

forex-catMarch 6, 2010 at 4:27 AM
nice analysis!!
Thank you.

...(I'd be pleased if you exchange reciprocal link with me.)
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.