Ford returns higher - Analysis - 13-06-2018
2018-06-13 12:23:38 GMT (Economies.com)
Ford returns higher - Analysis - 13-06-2018
 

Ford Motor Company's stock (F) returned higher in the intraday levels, scoring a profit of 0.67% in the last session, or 0.08 points, as the stock readies to tackle the resistance of 12.20, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 13.48 to 10.14), with positive pressure from the 50-day SMA, while trading within an ascending correctional short-term price channel. 

 

Therefore we expect more gains for the stock, especially if the resistance of 12.20, targeting the next one at 12.69, which represents the ratio 76.8% of the same retracement levels. 

 
 
 
  Symbol Last Change Chg.%
1.1379
0.0000
0.0013%
1.2715
-0.0030
0.2389%
14.751
-0.559
3.655%
65.390
-2.400
3.540%
71.49
0.37
0.52%
1179.595
-31.705
2.617%
 
 
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