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

Economies.com
2019-06-10 09:59AM UTC

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 

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