December 3, 2013

FORD Support and Resistance levels


  • Price resistance level at 17.2, Daily upper bollinger band and 50 Day SMA too is acting as resistance levels.
  • Immediate support at 20 Day SMA which is at 19.96 level.
  • Daily chart shows a contraction pattern which is forming after a down move so can be considered as a bearish continuation pattern on the contrary bulls need a close above 50 Day SMA and 17.2 level on closing basis for an up move to happen.
  • ES Chart update
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1 comment:

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