Ford Motor may rise to 14.50 - 14.80

Our pivot point stands at 12.9.

Our preference

The upside prevails as long as 12.9 is support.

Alternative scenario

The downside breakout of 12.9 would call for 12.3 and 12.1.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 12.41 and 12.2578).

Supports and resistances

15.1 **

14.8 *

14.5 **

14.1

13.47 (USD-last)

13.1

12.9 **

12.3 *

12.1 **

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