Since the beginning of February, the Ford shares have been moving within the descending channel. However, the last wave of downtrend hasn't led the price to the bottom line of the channel. In contrast, the “hammer” has been formed in the bottom; the quotations have turned around. Now they’re trying to move upward out of the channel.
If yesterday's break of the channel’s upper limit gets confirmed, the Ford shares can attempt to break the downward tendency. In order to do this the levels of 12,4 and 14 have to be overcome. If failing, the minimum renewal under 11 is more possible.
This content is for informational purposes only and is not intended to be investing advice.
