Ford garners positive momentum - Analysis - 02-07-2020

Ford Motor Company's stock inched down while gathering momentum to help it rise anew, as it traded alongside the upside short-term trend line, with positive signals from the RSI, coupled with positive support from the 50-day SMA. 

Therefore we expect the stock to rise and target the first resistance at 6.57, provided the support of 5.74 holds on. 

Expected trend for today: Bullish