Ford Motor may rise to 13.00 - 13.70

9.7 is our pivot point.

Our preference

Short term rebound towards 13.

Alternative scenario

The downside breakout of 9.7 would call for 8.5 and 7.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (10.5725) but under its 50 day moving average (11.955).

Supports and resistances

14.4 **

13.7 *

13 **

12.2

10.68 (USD-last)

10.1

9.7 **

8.5 *

7.7 **

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