Ford sharpens decline - Analysis - 10-12-2018

Ford Motor Company's stock fell 2.22% in the last session, or 0.20 points, breaching the support of 8.96, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, under the dominance of the main downward trend in the medium and short terms. 

Therefore we expect more losses for the stock, as long as it settles below 8.96, targeting the pivotal support of 8.16. 

Expected trend for today: Bearish