Ford weekly uptrend opportunity based On 1.00 Lot Calculation:
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Ford Inc. is one of the oldest and largest automobile and truck manufacturers in the world. Ford sold about 4 million vehicles in 2021 and is expected to sell over 4.3 million in 2022. The company is penetrating the electric vehicle market with its Mustang Mach-E Crossover SUV and expects 40% of its production to be electric by 2030. It has committed to investing $30 billion to reach that goal.
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EVENT: Ford F-150 Lightning launching on April 26, 2022. The F-150 pickup truck has been the best selling vehicle in the United States for several years. The Lightning is an electric version of that truck. Ford already has 200,000 reservations for it.
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EVENT: Ford is scheduled to post its 1st Quarter earnings on April 27, 2022, after the American market closes. Ford’s financial reports have exceeded earnings and revenue forecasts 6 of the last 8 quarters. Ford is expected to earn 37.8 cents per share and post 1st quarter revenue of $31.075 billion.
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WALL ST. ANALYSIS: BNP Paribas recently rated Ford stock a buy on April 11th with a price target of $22. Wells Fargo, J.P. Morgan, and Credit Suisse also rate the stock a buy with price targets ranging from $22 to $25.
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TECHNICAL ANALYSIS- Ford’s weekly technical metrics, including the Relative Strength Indicator, the MACD Indicator, and the Stochastic Index, show the stock is oversold and may be well positioned for an uptrend from its current price. Ford’s stock reached a 5-year high of $25.19 in January 2022. The stock would need to rise over 62% to reach that level again.
(#FORD), April 14, 2022
Current Price: 15.50
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Ford |
Weekly |
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Trend direction |
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22.50 |
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|
20.00 |
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|
17.70 |
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|
13.50 |
|
|
11.50 |
|
|
10.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
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Ford |
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Pivot Points |
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Profit or loss in $ |
35,000.00 |
22,500.00 |
11,000.00 |
-10,000.00 |
-20,000.00 |
-27,500.00 |
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Profit or loss in €2 |
32,073.90 |
20,618.93 |
10,080.37 |
-9,163.97 |
-18,327.94 |
-25,200.92 |
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Profit or loss in £2 |
26,640.69 |
17,126.16 |
8,372.79 |
-7,611.62 |
-15,223.25 |
-20,931.97 |
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Profit or loss in C$2 |
43,909.95 |
28,227.83 |
13,800.27 |
-12,545.70 |
-25,091.40 |
-34,500.68 |
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1.00 lot is equivalent of 5000 units
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Calculations for exchange rate used as of 10:27 (GMT+1) 14/04/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique can protect the profit – Ask your Client Manager for more details.