Ford

Ford, F, is trading down today at 12.93. They had been moving up from 8/3/2012 to 1/18/2013. Below is the weekly chart.

www.freestockcharts.com

Ford hit a high of 18.97 back in January 2011 and has been trading down ever since. There was a brief spike from 1/20/2012 to 4/6/2012 that couldn't break the 100 week MA. The lows have been getting lower and the highs have been going lower too but they're spaced out pretty far from each other. I drew four trend lines on the chart. Line 1 marks the declining highs, only two hits on it so feel free to disregard it, if Ford bounces off it again then it will have some legitimacy though. Lines 2-4 run through the price quite a bit better so they have some actual power. The overall trend of those three is down but the trend isn't very steep. Those lines will act as support and resistance as Ford moves around that area. Since Ford is currently above Lines 2-4 they will all be acting as support. The big thing to watch right now is how the price action interacts with Line 2. If it falls through then Ford will probably get caught in the mess of MAs between Lines 2 and 3. A break through that and below Line 3 will have Line 4 as the only support. Here are some hypothetical trading points.

Entry1: 8.65 (This is on a bounce off of Line 4)
TP: 10.20, 12.00, 14.00, 18.50 (Just below Lines 3, 2 and 1 and just below the old high of 18.97)
SL: 8.10 (Below Line 4) 

Entry2: 12.25 (This is on a bounce off of Line 2)
TP: 14.00, 18.50 (Either just below Line 1 or just below their old high of 18.97)
SL:  11.50, 10.00, 8.10 (Below the 100 week, below Line 3, below Line 4)

Entry3: 14.25 (A break of Line 4)
TP: 18.50 (Just below their old high of 18.97)
SL:  12.00 (Just below Line 2)

There's a good amount of flexibility to this one as you can see from all the TPs and SLs. I think the safest of those trades is the last one but the first holds the most potential profit. Ford could potentially fall through Line 4 which would see their next support points at 6.60, 5.50, and 1.40. I don't see a fall through Line 4 as a likely thing though.

If you have a stock you want analyzed leave it in the comments. 

Do your own research before taking any position. I do not currently own any F and do not plan on buying any within the next 72 hours.