Ford tries to vent off overbought saturation - Analysis - 11-01-2021

Ford Motor Company's stock (F) fell 2.41% in the last session on profit-taking, while gathering positive momentum to help it rise anew, as it vented off overbought saturation in the RSI, settling at 23.85, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the first resistance at 25.30, provided it holds above 22.95.

Expected trend for today: Bullish