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WEDGE FORMATIONS  |  April 2, 2004
Ready To Rally? Ford Forms A Bullish Wedge
Bullish wedges are corrections in an upmove. Often the price of a stock in such a correction will retrace to a major support level. From there a resumption of the uptrend may be expected. Ford has made one such bullish wedge, correcting to major support at $12. This, along with divergences in the indicators, means Ford may be setting up to be a good medium-term buy.
by Ashwani Gujral

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