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