Tag Archives: NYSE

Ford Motor (F) video analysis, December 17th 2012 (English Language)

Hello traders,

I have recorded a video-analysis for Ford Motor (F), a widely followed and highly participated stock traded on the NYSE. Hereunder is my video review:

The stock has long-term support at around 10 and recently such support broke the sequence of measured moves short on the weekly timeframe. On the larger timeframe bullish Program Trading and bulls professional traders are firmly in control. On the other side of things Program Trading sees resistance at the 13.80 area.

On the smaller daily timeframe we can clearly see a sequence of measured moves long started at August lows. The close support levels are at 10.45 with a first target at 12.10. There is also inner support to which we have witnessed participation starting from Friday afternoon. This support level is at 11.00 with a target at 12. Today price is following up on that initial participation we witnessed at the end of last week.

I do not expect price to come back to retest the 11 support area, but rather a continuation from present prices, so it is important to participate on the long side from the current levels with a stop below 10.85-80. I also don’t see anything at the moment stopping price from reaching the 13.90 resistance level, a profit taking level too.

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Bank of America (BAC) video analysis and trading plan, November 29th 2012 (English Language)

Hello traders,

I recorded a review for Bank of America (BAC), a well-known stock traded on the NYSE.

Hereunder is my video analysis for BAC:

The stock resumed its move lower on April 2010 and traded a resistance level and short setup at 15.30 with targets at 8.80 and 5.40. Notice as program trading came in right at the second target at 5.40 to take profits and price could not move lower.

It took three months during the last quarter of 2011 for price to reverse. When price climbed above the 8.65 level the larger sequence down was interrupted. Ball passed to bulls which were not initially capable of defending the 6.90 level. Eventually the 7.50 support area started getting participation and, on a second test at the end of July this year, bulls were able to defend their position.

The support and long setup area at 7.50 has targets at: 11.30 (1st target) and 13.30 (2nd target). In the above video I focused on a trading plan for the first target. In fact, you should also notice that a potentially strong resistance level is located at 12.40.

On the daily chart I could locate current supports at 8.90 and, on a shorter timeframe, the 9.40 support. The 8.90 support and long setups has targets at 10.40 and 11.30. The second target nicely lines up with the 11.30 first target of the larger weekly support at 7.50, therefore showing good chances for price to get there. Find hereunder the trading plan for BAC:

“A trading plan for Bank of America (BAC)” (published Nov 29th, 2012)

“A trading plan for Bank of America (BAC)” (published Nov 29th, 2012)

For your information I write a free Newsletter I send over on Sundays and a mid-week update (see example here) along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this analysis, please share it with your friends and fellow traders. Thank you.

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Filed under English language, Stocks, Trading Plan