Market finally settled down at the support of the downward channel could potentially bounce in the next session if economic data does not do any major damage. With that in mind, here are few stocks to go long taking advantage of this bounce.
F – Ford has successful bounced off the weekly 50MA quite a few times and it seems it is going to that once again with the price action today with bullish volume and formed a nice hammer on an important support. Here’s the weekly chart (Click to enlarge):
