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Ford Motors: Bearish Rejection of Previous .618 Support Zone

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FORD MTR CO DEL (BATS:F)  
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BATS:F   FORD MTR CO DEL
Trend Analysis Fundamental Analysis Chart Patterns support Support and Resistance supportandresistancezones vehicles
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trendanalysis fundamental chartpattern support supportandresistance supportandresistancezones vehicles
Ford Motors in the face of continuously Rising Debts and Negative Free Cash Flows has been rejected from the 61.8% Fibonacci retrace, which previously acted as support and now seems likely to continue down significantly. If I were to target how low I think it could go, I'd say $8.65-$6.00 seem like likely targets.

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