Ford in a free fall - Analysis - 14-08-2018

Ford Motor Company's stock kept falling in the intraday levels, piercing the support of 9.60 and marking a loss of 2.87% in the last session, or 0.28 points, amid negative signals from the RSI after reaching extremely overbought levels compared to the stock's movements, under the complete dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, as long as it settles below 9.60, targeting the support of 8.88.