F

Ford Motor (F) is currently sitting precariously on the long term green ascending trendline. This trendline was derived from the pandemic low in 2020 until to-date. Hence a break below this trendline could present short selling opportunities with support to be aware at $14.88 and $13.70. The market could trend higher if EMA10-EMA20 formed a golden cross and prices also stays above the long term green ascending trendline. Upside resistance are $19.62 and $20.81, both levels are Fibonacci Retracement’s 0.38 and 0.5, derived from year to date’s $25.87 high and $15.76 low.