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Ford Motor Company (NYSE:F)
Posted on September 22, 2011 at 05:36 AM EDT

Ford Motor Company (NYSE:F)

Technical Features:

A:  Uptrend.
B:  Support at $10.
C:  Resistance at $20.

Technical Analysis:

The F chart is very negative.  The uptrend (A) failed to break resistance (C) at $20. The uptrend (A) was broken around July 2011.  Currently, F is testing support (B) at $10.  If support (B) breaks, expect a test of the 2008-2009 lows around $2.00.

Summary:  Sell.


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