Ford's growth momentum is close to end

04 August 2022 387
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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.

This content is for informational purposes only and is not intended to be investing advice.

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