Ford tries to vent off overbought saturation - Analysis - 16-04-2018

Ford Motor Company's stock (F) fell in the intraday levels, recording a new loss of 0.27% in the last session, or 0.03 points, while the stock gets buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, with positive pressure from the 50-day SMA, as the stock tries to vent off overbought saturation in the RSI, while gathering momentum to help it rise anew. 

Therefore we expect the stock to return higher, provided the support of 10.99 holds on, targeting the resistance of 11.83.