Ford buoyed by positive pattern - Analysis - 17-07-2017

Ford Motor Company's stock (F) kept rising in the intraday levels, scoring a new profit of 0.69% in the last session, or 0.08 points, as the stock gets buoyed by a positive pattern that formed in the short term, the Inverse Head and Shoulders pattern, with positive support from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the important resistance of 12.31 as a price target for that forming technical pattern.