Ford Motor may rise to 13.90 - 14.20

Our pivot point stands at 12.3.

Our preference

The upside prevails as long as 12.3 is support.

Alternative scenario

The downside breakout of 12.3 would call for 11.8 and 11.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 12.2195 and 12.238).

Supports and resistances

14.6 **

14.2 *

13.9 **

13.6

12.84 (USD-last)

12.5

12.3 **

11.8 *

11.5 **

Number of asterisks represents the strength of support and resistance levels.