February 16, 2014

FORD Motors Weekend update

  • Ford weekly chart shows price taking support at the crucial 14.3 level which has acted as support and resistance levels in the past.
  • Price has bounced from the above mentioned level to the 20 Day Moving average. MACD alignment is looking bullish but price has to stay above 20 SMA for a bigger bounce to happen.
  • This up move will find it tougher to sustain at higher levels because of the Death cross. For the Death cross to perform well price should break and close below 14.3 levels.

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