Ford Motor Company vents off oversold saturation - Analysis - 16-10-2018

Ford Motor Company's stock rose amid attempts to vent off oversold saturation in the RSI, scoring a profit of 1.97% in the last session, or 0.17 points, amid negative pressure from the 50-day SMA, with the complete dominance of the main downward trend in the medium and short terms. 

Therefore we expect the stock to return lower, targeting the support of 8.51, as long as the resistance of 9.30 holds. 

Expected Trend for Today: Likely Bearish