F - broadly broken

With the broader market on the rise, Ford (F) was also on the rebound, setting +2.3% @ $12.26. Near term outlook is moderately bullish, with best case of $13.00-13.50 zone - where the 50dma will be lurking in February. If the main market implodes across the spring, Ford will resume declining toward the $8s.


F, daily

F, monthly

Summary

Suffice to add, Ford is struggling... much like the broader market.

Any short term bounce is arguably offering those still long an opportunity to exit, and/or go short.

The bigger monthly cycle is pretty clear... on resumed downside, first target is the $10 psy' level, after that... the low $8s..