Sell Motorolla shares temporarily | 05 April 2019

Ford Weekly Review 

Wave Analysis

Ford shares is currently trading within a contracting wedge formation. Just recently, the price of this share touched the upper resistive trendline but failed to close higher. As long as the price remains capped by this trendline, we're expect further loss in value towards the supportive trendline. Overall, the shares of this company should gain value in the next few months, thus, should price breakout above the upper trendline, then we'll be looking to re-buy the shares of this company towards 9.05 or even higher. As it is, wait for  a rise beyond  the upper trendline, or pick a sell now.

Trade Recommendations:

Only buy the shares of this company should it rise above the upper trendline.

CocaCola Weekly Review

Wave Analysis

Following the massive decline seen just before 2012, the shares of this company have been gaining value since then. Currently, according to the monthly chart attached, the shares of this company is trading within a possible expanding wedge formation. We took a sell upon the bounce from the upper trendline and is still holding onto this position. We expect this downward rally to be the continuation of the impulsive wave (E) to the lowerside but should bounce off from the supportive trendline towards 51.00.

Trade Recommendations:

We're short towards the lower trendline.

Motorola Weekly  Review

Wave Analysis

According to the hourly chart attached, we're waiting for a clear sign that the price has bounced from the upper trendline. If this is the case, then we'll sell the corrective wave [b] towards 137.09. If you're skeptic to pick this sell order, you could wait and buy a bounce from 137.09, or wait and buy a breakout above the upper trendline . That means, you'll be buying the the first impulsive wave (i) towards the upper trendline, or the impulsive wave (iii) towards 141.94 or the last impulsive wave (v) towards 144.33.

Trade Recommendations:

Sell Motorala shares towards 137.09.

Bob Stan
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