Ford Motor Co. ( F ) Support & Resistance Levels - 7/1/09
Resistance Levels: $6.54, $8.79
Support Levels: $5.21, $4.71
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Ford stock continues the new uptrend after hitting a bottom at $5.21 two weeks ago. I am watching the double top between $6.53-$6.54. Once this area is taken out on a closing basis, another leg higher should occur. If you are trading Ford, wait for F Stock to break $6.54 and then jump in as it should get a nice surge. For more longer term investors, wait for a Ford to show strength above $6.54 to buy. On the downside, $5.21 and $4.71 become key support levels. For more Technical Analysis - Go Here
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