Bearish Ford Technicals

6 thg 12, 2013

MACD divergence with stock price. Stock is in consolidation and bouncing off significant resistance at $16.53. I drew out other resistance points. I can see the stock falling to the $13.43 level here and if it breaks it will drop much lower. The move here isn't huge so I'm not sure if it's worth shorting but for anyone looking to go long here I would re-think it.