Ford is becoming more aggressive in its competition with Tesla. With a $50 billion market cap and expected high sales, many banks and hedge funds shifted attention to Ford, seeing this stock much higher than the current price.
On the technical side we are approaching a strong resistance level, so expecting a consolidation at least with potential pullback before continuation. Once resistance breaks and the candle closes, we can target higher levels.
On the technical side we are approaching a strong resistance level, so expecting a consolidation at least with potential pullback before continuation. Once resistance breaks and the candle closes, we can target higher levels.