Ford Motor may fall to 10.50 - 10.90

Our pivot point stands at 12.7.

Our preference

The downside prevails as long as 12.7 is resistance.

Alternative scenario

The upside breakout of 12.7 would call for 13.3 and 13.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 12.2965 and 12.594).

Supports and resistances

13.7 **

13.3 *

12.7 **

12.5

12.11 (USD-last)

11.3

10.9 **

10.5 *

10.2 **

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