Ford strives to shake off negative pressure - Analysis - 10-06-2019

2019-06-10 09:59:26 GMT (Economies.com)
 

Ford Motor Company's stock rose mildly while trying to settle above the 9.77 resistance, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term, while shaking off pressure from the 50-day SMA, as the stock traded alongside the upward short-term trend line. 

 

Therefore we expect the stock to rise, provided it settles above 9.77, targeting the next resistance at 10.33, which represents the ratio 61.8%. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.2135
-0.0038
0.3146%
1.4118
-0.0018
0.1305%
Tadawul
10322.68
86.96
0.85%
27.434
-0.370
1.331%
65.485
0.093
0.142%
68.55
0.41
0.60%
1831.560
-12.665
0.687%
 
 
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