Ford trims gains - Analysis - 15-04-2019

Ford Motor Company's stock rallied 0.64% in the last session, or 0.06 points, after hitting an intraday high at 9.60, bouncing off it lower after touching the resistance of the main downward medium-term trend line, while the RSI reached overbought levels. 

Therefore we expect the stock to decline as long as the resistance of 9.85 holds on, targeting the support of 8.96. 

Expected trend for today: Bearish