Last week an alert went out to buy Ford (F) and the stock rallied a bit but today we are seeing a red candle on lower volume as it nears resistance. This is a bearish sign that places us in a defensive position. There is an old saying that tells us…”never turn a winning trade into a loser”, which is why I think it’s best for us to take a small profit rather than to wait and have the stock move against us.
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