Ford stays flat - Analysis - 04-10-2021

Economies.com
2021-10-04 11:41AM UTC

Ford's stock (F) closed unchanged amid attempts to gather momentum, with support from the 50-day SMA, and amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels amid attempts to vent off that saturation.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 16.40, provided the resistance of 14.79 was breached.

 

Expected trend for today: Bullish

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