Stock of the day: Ford

In today’s stock of the day, we’re looking at Ford, where a possible bullish reversal is taking shape. The stock has been climbing steadily since the start of August and is now just one step away from triggering a major buy signal.

On the chart, an inverse head and shoulders formation — marked with a red rectangle — has formed, hinting at a potential trend shift. Price is currently testing the yellow neckline, a key horizontal resistance level. A decisive break and daily close above this neckline would confirm a proper buy signal and open the path for further gains.

However, rejection at this level could reverse the sentiment quickly. A bounce lower from the neckline would be a strong bearish signal and could pull Ford back into a downtrend. The next few sessions will likely decide which scenario plays out.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-ford-13