Technical Outlook Video for Ford and Honda Stocks Week 20th April
This week on we will be looking at the Car companies.
On Ford this week, The market is down and Trending. We are retesting the lows from 2016 at 11.11 and price as bounced off this daily demand zone several times in the past so now we are expecting to see that zone break as the trend to the downside continues.
Learn to Day Trade Investing with One of the Best Day Trading Courses
For eight years, APA Zones has been teaching day trading to many satisfied customers. As a leader in zone trading, our day trading coaches provide a comprehensive investment strategy learning experience. Simply put, we believe we are one of the best online trading academies online today. Contact us to learn more and see what the zones can do for you.
Get Free Trading Education
Looking at Honda this week, are are retesting a daily demand zone. Now this zone is aqua in color meaning that this is the first time price as been at this area. The Zone from 28.95-28.33 is new and fresh yet the Trend is down and would expect the Trend to continue instead of the zone holding. If this area does hold then I would expect to see a retest of the supply zone at 30.41 before continuing back down. However, price looks like it could be reform this demand level as a new supply level that we would see moving forward as demand is becoming supply with the direction of trend.
See what The Zones can do for you. New products and services coming soon, as well as our quality products that are designed to help you.
Feel free to reach out to us, we want to help in any way we can