Ford driven lower by pivotal resistance - Analysis - 26-10-2021

Economies.com
2021-10-26 12:19PM UTC

Ford Motor Company's stock (F) fell 1.72% in the last session after the pivotal resistance of 16.45, while gathering momentum to pierce that resistance, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 17.55, provided the resistance of 16.45 was breached.

 

Expected trend for today: Bullish

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