• Ford's share price shows an amazing market price in the weekly price data chart.
• Buyers well maintain asset prices above the red fluctuation zone in the weekly chart.
• On November 15, New York Stock Exchange: Ford's share price closed at $14.30, up 1.71%.

From a technical perspective, Ford, an American overseas automobile company headquartered in the company, may be a good project investment in 2023. According to recent price data, the valuation on Tuesday was 57.49 billion dollars.

Ford Motor CEO Jim Farley said on Tuesday that the company needs to produce a large number of new energy electric vehicle parts in its own factory, so that "everyone can give full play in the near future". The human capital required for the production and manufacture of new energy electric vehicles will be 40% less than the existing ignition vehicles.

New York Stock Exchange: weekly chart of Ford stock price

On a weekly basis, Ford's share price looks very bullish (above the chart). Buyers have actively invested in assets, which has deeply attracted the seventh green candle every week so far. This surprising bullish rise has seriously affected new traders. In addition, the market price shows an arc bottom pattern, which is also a significant sign of the strong initiative of this stock.

On November 15, NYSE: FORD's share price closed at $14.30 in emerald green, up 1.71%. Although the duopoly has been struggling with sales in the past few months, the red fluctuation zone of the 200 day moving average system twice provided support for prices before continuing to rise. This continuous rise touched the price of $20 (Fib reduction at 0.618 level), becoming the next pressure level

Because 200 DMA is smaller than Ford's share price, but on the k-line chart of the stock market, both sides struggle below the 200 day daily average. Buyers need to turn this industry into application. Specifically, the RSI index value continues to grow, and at this stage it is at the 63 level.

result

The 200 day moving average is still the latest bullish barrier, and buyers must quickly improve. On the contrary, Ford's stock price is mainly strong on the weekly chart, so buyers are still accumulating.

Applicable Level –$13 and $11

Resistor level –$17 and $20

Disclaimer Agreement

The positions and suggestions stated by the creator or the owner mentioned in the article are only for reference, not accounting, project investment or other proposals. There is a risk of economic loss in project investment or buying and selling encryption assets.