12.09.2014 - Traders are waiting for the confirmation signal to sell shares of Ford Motor

The price of Ford Motor Company will probably fall after it reached 18.00 and started to decline despite the attempts to resume the growth in the near future. Currently quotations broke through the lower boundary of the rising channel and the level of the local minimum near 16.70. The signal to open short positions will be fixing the price below these levels. In such case the target levels will be 15.50, 14.50 and 13.00. Growth is limited by the resistance at 18.00, above which should set a stop after the opening short positions. We forecast a drop in prices of companies in the near future, but keep a long-term positive outlook.

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