The Long Investor
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$F - IMPORTANT NOTE -
🕑 Added 2025-03-08 12:50:04 +0000 UTCThere is a very clear 40 Year Old support/resistance line on the $F chart and that is exactly at $10.
$F is the very definition of a cyclical stock, when the economy is doing well it climbs, when it is struggling it collapses down, it is all down to peoples ability to buy, upgrade or get a loan.
In a downturn, people will hold off on purchasing a new product like a car and try extend the life of their current vehicle, in a uptrend, people spend more and upgrade more frequently.
We can see that $10 was lost this week as Jobs figures came in worse than expected.
As $F drops lower under $10, the more this becomes attractive to buy.
The 2020 Covid low was at $4 and the GFC price was at $1.
If we see a large drop here over the next few weeks and months, we have an opportunity but also a signal to the market that it is in trouble.
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Vojtěch Šimeček
❗️7.5% dividend❗️
