Monday, February 3, 2014

Ford chart looks simply hideous

Here's Ford's weekly candles:

Really looks like it's rolling over big-time. I have no idea why it should be going down, I'm totally ignorant about auto stocks, but maybe it's over fear that China's consumer spending will collapse or something? Or maybe people are scared the US economy will collapse and businesses won't be buying any F-150s?

Again, I'm ignorant, but Google Finance says its P/E is 10.3 right now. Stock price shouldn't be going down then, should it?

Oh well. I guess the present downtrend means that at some point in the future it'll be a screaming buy with loads of upside, right?