Ford: ⬆️ Buy

– Ford reversed from pivotal support level 12.65

– Likely to rise to resistance level 13.50

Ford recently reversed from the support zone between the pivotal support level 12.65 (former resistance from the start of October), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from October.

The upward reversal from the support level 12.65 stopped the previous minor impulse wave c.

Given the strong daily uptrend, Ford can be expected to rise further to the next resistance level 13.50 – which stopped the previous correction b.