Ford tumbles - Analysis - 17-03-2021

Economies.com
2021-03-17 11:48AM UTC

Ford Motor Company's stock (F) skidded 5.38% in the last session amid negative signals from the RSI while gathering momentum and venting off overbought saturation, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 13.22, provided the support of 12.14 holds on. 

 

Expected trend for today: Bullish 

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