Stock of the Day: Ford Motor Company

Ford ended Friday on a clearly positive note, and the technical picture supports further optimism. On the chart, we can see a well-defined ascending triangle pattern, built from a rising red uptrend line and a flat horizontal resistance at the top. This is a classic bullish continuation formation, showing persistent buying pressure as higher lows continue to challenge the same resistance level.

At the end of last week, price successfully broke out to the upside from this ascending triangle. This breakout activates a buy signal and confirms that buyers have taken control. Importantly, the breakout was not immediately rejected, which adds credibility to the move and reduces the risk of a false breakout scenario.

Sentiment on Ford remains positive as long as the price stays above the blue horizontal support and the red uptrend line. These two supports now form a solid technical floor. Sellers are clearly on the defensive, and at this stage there is no bearish signal on the chart. A negative scenario would only come into play if price were to break decisively below the red supports, but for now the technical structure strongly favors further upside continuation.