July 17, 2013

FORD bearish price action

  • If the correction in daily chart continues price may target 16.09 which was the previous resistance level and 20 Day SMA.
  • Closing the week at the current levels or lower will form a Bearish Engulfing pattern in weekly chart which is a strong reversal signal.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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