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) skidded in the intraday levels, recording a new loss of 7.02% in the last session, or 0.92 points, and breaching the support of the Rising Wedge pattern that formed in the short term as shown in the attached chart, with a noticeable rise in trading volumes, exposing the stock to negative pressure and nudging it past the 50-day SMA support, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 11.87.