Ford. Boomer stock. Will it fly?

Hi everyone,

Today we are analyzing ancient automotive company manufacturer F Ford Motors.
Can this stock still outperform young tech companies?
Let's find out.

Tools used:

• Long-term trend lines
  
• Boxes
  
• 10 year Fib retracement
  
• 1 year Fib retracement
  

Trend:

F is in a strong uptrend channel since Covid crash. It has gained 4x from the bottom. Very imressive for a boomer.

Recent developments:

Price broke long-term resistance line this week. This resistance level goes back 10 years to 2011.
Massive breakout occured on positive news. However, price did not dip back below the resistance. The level was tested and price consolidated.

F stock seems very strong here.

Levels:

• 18.89 - long-term Fib resistance level
  
• 17.58 - last rejection
  
• 16.46-16.89 - strong demand zone at support
  
• 15.72 - long-term Fib support level
  
• 13.67 - short-term Fib support level
  

Interesting to see F stock showing strenght and going to 7 year highs.

If the company will be successfull with their EV program, I expect stock price to grow in the future.

Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.