Wednesday, 1 April 2015

F - resuming the slide

With the main market weak for a second day, Ford resumed the slide, settling -1.4% @ $15.92. Near term outlook is bearish, with the 200dma (15.72), set to be taken out... with viable downside to the 15.50/25 zone next week.

F, daily

F, monthly


*the bigger $18 threshold looks out of range for some months.. not least if the broader market has 'issues' this summer.

Little to add.

Ford looks set for continued weakness in the immediate term. Eventually.. we'll see a monthly close in the $18s.. at which point, Ford looks set for the mid 20s.