$F: Going sub 11.34 would be the kiss of death

I think F offers a very low risk short opportunity here, it merely needs to break under $11.34 to cascade down into a waterfall decline...

Technical chart targets are clear, and indicate a substantial drop can take place, aided by declining fundamentals in the shape of UAW strikes and a rising trend in Union bargaining power, combined with rising costs for materials and declining sales in the face of TSLA demolishing legacy competition make this a compelling short.

In short: a sh#tstorm coming for ICE makers. We could see many bankruptcies in legacy automakers.

Best of luck if taking the trade.

Cheers,

Ivan Labrie.

Trade aktif:

I'm short $F.

Despite 'the big guy' doing all he could to benefit F and GM , unions themselves will be their undoing.

Which is a bit ironic.