Few weeks ago, Ford shares plunged below the 10.00 handle went as low as 7.60 and is still pretty much below this 10.00. According to the chart attached, we’re expecting a possible gain towards the 9.6 handle and should price fail to break above this trend line, then this will be an ideal place to sell the shares of this motor vehicle company. The anticipate bearish price rally is the continuation of the impulsive wave (5) to the lower side and should extend below 7.60 towards 4.00 or even lower. A break above the upper trend line will mean waiting for a confirmation that we’re upwards.
Sell the for shares around 9.60.
Reuters weekly Review:
Since April last year, Reuters has been on the gaining end, the year 2018 has seen the shares of this Canadian Company rise in value and is currently around 52.44. The break above the zone 51.43-51.02 is a clear sign that the shares of this company could gain value. Thus, as long as the price remains above 51.43, we expect a momentum further up. The anticipated bullish price rally is the continuation of the impulsive wave (5) and may break beyond 60.00 towards 65. As it is, only buy positions looks more ideal, especially if the price can retrace back to 51.43-51.02m, a break below the same zone, ,may mean we’re waiting for a clear sell signal, that is a break below Ichimoku Kinko Hyo, would mean we’re sellers.
Rebuy the shares of this company around the zone 51.43-51.02.
Apple weekly Review
Since the beginning of this year, the shares of Apple has gained slightly, but this gain is almost close to ten percent the value it lost just before the end of last year. While the price remains below both the Up Kumo and Lower Kumo, we expect further plunge to the lowerside. Ideally, we’re likely to see a scenario where the shares of this company could rise only up to around 171.00 before we see another decline, The anticipated bearish wave count will be the continuation of the impulsive wave (5) to the lowerside and should break below 142.62 towards 140.00. On the bullish end, only a rise above 233.55 may trigger a buy.
We’re still sellers along as the price remains below the level 233.55