Ford trims gains - Analysis - 02-12-2021

Ford Motor Company's stock (F) rallied 2.03% in the last session, settling at 19.53 amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.

Therefore we expect more gains for the stock, targeting the resistance of 21.70, provided the support of 19.00 holds on.

Expected trend for today: Bullish