Stock of the day: Ford Motor Company
06 May 2025
In today's stock of the day, I would like to discuss Ford Motor Company, where the daily chart reveals a potentially powerful bullish setup forming. Over the past several months, the price has drawn what appears to be a triple bottom pattern, clearly marked with yellow rectangles. These three lows occurred at the beginning of January, March, and April, showing consistent support and repeated rejections from deeper declines. This pattern is often viewed as a strong reversal signal, indicating that sellers may be losing momentum.
The neckline of this triple bottom formation is defined by a blue horizontal resistance, and we are currently testing that level. It is a critical area: as long as the price remains below the blue zone, the sentiment remains cautiously negative or neutral. However, a daily close above the blue neckline would serve as a long-term buy signal, confirming the reversal pattern.
Should this breakout occur, the first target would be the orange horizontal resistance, which has previously acted as a key barrier. But if the triple bottom holds true to form, there could be room for further gains, with higher long-term targets becoming viable.
The setup is still developing, but Ford is certainly one to watch closely this week.