Ford skids - Analysis - 30-04-2021

Ford Motor Company's stock (F) tumbled in the intraday levels amid negative pressure from the 50-day SMA, with the dominance of the downward correctional short-term wave, coupled with negative signals from the RSI, while trading alongside the main upward trend line in the medium term. 

Therefore we expect more losses for the stock, targeting the support of 10.35, provided the resistance of 12.14 holds on.

Expected trend for today: Bearish