Ford Motor may rise to 12.00 - 12.30

Our pivot point is at 10.7.

Our preference

The upside prevails as long as 10.7 is support.

Alternative scenario

The downside breakout of 10.7 would call for 10.3 and 10.

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 trading above both its 20 and 50 day moving average (respectively at 10.764 and 10.7832).

Supports and resistances

12.5 **

12.3 *

12 **

11.8

11.06 (USD-last)

10.9

10.7 **

10.3 *

10 **

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