Stock Technical indicators to notice in FORD MOTOR (FMC1.BE)
1- Last bullish trend was from 10.09 $ (3/23/2011) to 11.05 $ (4/6/2011) a 0.96 $ move 2- The current bearish trend started from 11.05 $ at 4/6/2011 and is currently trading at 10.69 $.
4- FMC1.BE current resistance level is at 10.82 which is the 23.60 % fibonacci retracement of the last 0.96 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
FORD MOTOR (FMC1.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 10.090 and 10.000, and is currently supporting at 10.285.
FORD MOTOR (FMC1.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 12.110 and 14.350 that was broken up at 10.000 transforming into a supporting line.
FORD MOTOR (FMC1.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 10.000 and 8.680, and is currently supporting at 10.179.
Stock Trading Conclusion:
FORD MOTOR (FMC1.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 10.77, 10.82, 10.83, 10.87, 10.91, 11.05,.
Stock Support levels : 10.68, 10.57, 10.46, 10.29, 10.18, 10.09, 9.83, 9.50,.
