How do we play Ford?

Movers like Ford Motor Company (Public, NYSE:F) scare the crap out of me. It seems crazy for a company to move so fast in such a short time. I want to mazimize my profits, but at the same time, I don't want to get burned by a correction. I like to buy on small fluctuations. I look for a company that has strong support and I like to play reactive rallies. Let's take a look at Ford.



We see in September, a confirmed trend change in the chart, as Ford broke through its down sloping resistance (which is initially the reason I liked it). Now however, the company is nearing its new resistance at just over eight dollars. There's no reason to bank on a break in resistance because we can see that on past tests, the line held. I know earnings were strong, but I think investors expected that. I certainly expected Ford to have a great quarter, so if even I know something, you know that big boys have known it for a LOOOONG time. It's already factored into the price.
That being said, I think Ford is a SELL as of now because of resistance (I'm actually looking at the real time bids right now, and nobody is going over $8.07). At the same time, keep a look out for it in about a week to two weeks when it drops and tests support. Given that Ford is such a strong company, and in such good position for the recovery in America, it will soon be a STONG BUY. And that's what we do. Sell at resistance and buy at support.
Enjoy this maret while it lasts and don't forget to TAKE PROFITS.
Good Luck,
Samba