F, daily
Summary
Perhaps most notable about today's closing level, was the fact it made a daily close above the highs seen in March.
Underlying MACD (blue bar histogram) cycle, ticked higher for the fourth day, and is now in positive territory. There is no sign of a turn, and there could easily be a few more days on the upside - which in theory would sync up with a challenge of the January high.
Considering the main market is now in the sp'1590, Ford is clearly under-performing.
What is clear, a few daily closes above the January highs would be a very bullish sign for Ford, and also likely mean the broader market is just going to keep on rising into the summer.
The equity/Ford bears can't get excited unless Ford puts in a few closes under $12. Right now, that is a clear 10% or so lower.
Ford will always be one to watch.
