Ford Motor may rise to 13.60 - 13.90

11.9 is our pivot point.

Our preference

The upside prevails as long as 11.9 is support.

Alternative scenario

The downside breakout of 11.9 would call for 11.4 and 11.

Comment

The RSI is above 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 12.0735 and 12.2116). Finally, Ford Motor has crossed above its upper daily Bollinger band (12.47).

Supports and resistances

14.2 **

13.9 *

13.6 **

13.2

12.54 (USD-last)

12.1

11.9 **

11.4 *

11 **

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