Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Ford Motor Company's stock (F) rallied in the intraday levels, scoring a new profit of 1.58% in the last session, or 0.18 points, as the stock manages to pierce the resistance of 11.54, representing the ratio 38.2% of Fibonacci retracement levels for a descending wave in the short term (from 13.27 to 10.47), with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, as long as it settles above 11.54, targeting the next resistance of 11.87, which represents the ratio 50% of the same retracement levels.