Ford (F) stock price formed a nice rounded bottom during July and August, setting the stock up for a price surge in September. After reaching up to lateral resistance, Ford is pulling in and nearing 2 important support levels:
Support Level 1: Represents lateral and symmetrical support. It is also near the 20 day moving average.
Support Level 2: Breakout support level (may be setting up for retest). This level is also near the rising 50 day moving average.
Defending these levels will be important for Ford stock bulls. Trade safe and trade with discipline.
Previous Ford Chartology here.
More Charts here.
Ford (F) stock chart with technical support and resistance as of September 25, 2012. Ford technical analysis.
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