Ford returns higher - Analysis - 13-06-2018

2018-06-13 12:23:38 GMT (Economies.com)
Ford returns higher - Analysis - 13-06-2018
 

Ford Motor Company's stock (F) returned higher in the intraday levels, scoring a profit of 0.67% in the last session, or 0.08 points, as the stock readies to tackle the resistance of 12.20, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 13.48 to 10.14), with positive pressure from the 50-day SMA, while trading within an ascending correctional short-term price channel. 

 

Therefore we expect more gains for the stock, especially if the resistance of 12.20, targeting the next one at 12.69, which represents the ratio 76.8% of the same retracement levels. 

 
 
 
  Symbol Last Change Chg.%
1.1468
-0.0054
0.4656%
1.2988
-0.0084
0.6445%
14.716
0.084
0.571%
68.983
-0.298
0.431%
79.38
-0.44
0.55%
1232.260
5.555
0.453%
 
 
News Today