Ford Motor Co. and Tesla Inc. have both formed weekly chart patterns that could provide clues to their future direction for the long-minded trader and investor.
Ford has formed a bull flag pattern while Tesla has settled into a bearish downtrend. As more and more legacy automakers continue the switch to electric vehicles, there is a possibility Tesla will lose its sector dominance and stocks such as Ford and General Motors Company have begun to decouple from Tesla’s price movements.
