Ford extends gains - Analysis - 01-03-2024

Economies.com
2024-03-01 11:11AM UTC

Ford’s stock (F) rose in the intraday levels, after leaning on the support of the support of the 50-day SMA, lending it positive momentum, with positive signals from the RSI after reaching oversold levels, amid the dominance of the upward correctional trend in the short term.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 13.00, provided the support of 11.20 holds on.

 

Expected trend for today: Bullish 

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