Ford's growth momentum is close to end

04 august 2022 64
Volkov_Anton
Volkov_Anton

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2nd in the segments "Indices" and "Metals"
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The stocks of Ford succeeded to leave the downward channel and it has caused strong growth momentum. In aggregate, the quotations have risen to 50% during the last month. After this powerful wave of growth, the market participants will aim to fix at least a part of the profit.

 

The “shooting star” on the chart and RSI in the zone of extreme overbought indicates the corrective decline. The first goal of correction is the level of 14.1.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
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