Chartology: Ford (F) Technical Support Levels

Stock ChartsFord (F) stock price formed a nice rounded bottom during July and August, setting the stock up for a price surge in September. After reaching up to lateral resistance, Ford is pulling in and nearing 2 important support levels:

Support Level 1:  Represents lateral and symmetrical support. It is also near the 20 day moving average.

Support Level 2:  Breakout support level (may be setting up for retest). This level is also near the rising 50 day moving average.

Defending these levels will be important for Ford stock bulls. Trade safe and trade with discipline.

Previous Ford Chartology here.

More Charts here.

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Ford (F) stock chart with technical support and resistance as of September 25, 2012.  Ford technical analysis.

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Twitter:  @andrewnyquist and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.

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