I have to imagine with commodities across the board rising, F has to be feeling the margin squeeze from rubber to steel to some precious metals used. Therefore, I view this as a longer term trade and have a longer term stop associated with it.
F with linear regression on the flag and correct volume for a bear flag. MACD also in line as it should be.
The daily 3C negative divergence.
And the hourly was the real warning as it plunged on a leading divergence on a test of local highs.
Here's the stop, right around or just under the $17 dollar level which has held previous trends very well.
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