Ford sharpens decline - Analysis - 17-07-2018

Ford Motor Company's stock (F) fell anew in the intraday levels, while getting hurt by a negative pattern that formed in the short term, the Rising Wedge pattern, with negative pressure from the 50-day SMA, as the stock marked a 1.18% decline from the previous close, or 0.13 points, leaning thereafter on the support of 10.78.

Therefore we expect more losses for the stock, especially if the support of 10.78 was breached, targeting the next pivotal one at 10.19.