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Swing Trade Idea (F) – March 18, 2022

Our bullish trade for Friday, March 18th, is Ford Motor Company (F). F is part of the Discretionary sector that has recently found support at $163 and performed at 4.79% for the last week. 

F recently found support at $16 and held this level on the retest, which provides a good risk/reward bullish entry. F has a Technical Score of 9 (out of 10), indicating a very strong trend.

As a close, if F were to trade below $16 for multiple days, this would invalidate our analysis and focus cutting losses on the trade. We also suggest cutting losses on this options trade if the value of the vertical spread moves below $0.43.