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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