Ford Motor may fall to 8.30 - 9.00

Our pivot point is at 13.

Our preference

Under pressure below 13.

Alternative scenario

Above 13, look for 14.3 and 15.1.

Comment

The RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 13.3535 and 12.5758). Finally, Ford Motor is trading below its lower daily Bollinger band (standing at 11.61).

Supports and resistances

15.1 **

14.3 *

13 **

12.5

11.16 (USD-last)

9.7

9 **

8.3 *

7.6 **

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