Ford tries to vent off oversold saturation - Analysis - 13-12-2018

Ford Motor Company's stock rose 1.17% in the last session, or 0.10 points, while recouping some past losses and venting off oversold saturation in the RSI, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of 8.16, as long as the resistance of 8.96 holds on. 

Expected trend for today: Likely Bearish