Ford: Fake Out, heading to $6-8
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Ford with the fake breakout on the heels of the TSLA deal. Likely heading to the $6-8 region by late 2023-early 2024, then I will buy in that region for the move up to new ATHs.
Nota
Holding up better than I would have expected so far, but primary thesis is still unchanged.Nota
Looks like it is safe to say that I was mistaken on this one. I believe the small cap rally in general has steam left, from which Ford should be a beneficiary. However, my bias is still that Ford will ultimately head to single-digits at some point as the fundamental outlook is not very good at all.
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