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

Summary

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