Ford Motor Co. ( F ) Support & Resistance Levels - 3/1/10
Resistance Levels: $11.95, $12.14
Support Levels: $10.41, $10, $9
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Ford (NYSE:F) continues to trade above the 10 day moving average but make lower highs. As soon as Ford stock breaks above $11.95, I plan to buy for a trade. I will look for Ford to then retest the 52 week high at $12.14 and explode higher if broken. We are currently seeing a cup formation right now....the break out could take Ford to $13-$14 before a pullback.
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