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Trading Idea of the Day
NYSE:F - Ford Motor Group - BULLISH BIAS
- Key levels on the chart - consider taking trades from key support/resistance levels
- Bank of America forecasts that Ford will outpace Tesla in sales by 2025, with its plans to have 7 new EV models by 2026, providing consumers with purchasing power, flexibility and utility amongst other EV producers.
- Given Ford's dominance in the motor vehicle space and real estate for showrooms, we could see their EVs dominating the scene in all showrooms at a faster pace which will secure market share for new consumers entering the market.
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