Ford amid negative outlook - Analysis - 23-04-2018

Ford Motor Company's stock (F) slid in the intraday levels, registering a new loss of 1.28% in the last session, or 0.14 points, and piercing the support of 10.99, exposing the stock to more negative pressure and nudging it past the support of the 50-day SMA, while trading alongside the downward short-term trend line, with negative signals from the RSI. 

Therefore we expect more losses for the stock, as long as it settles below 19.99, targeting the pivotal support of 10.19.