Ford Motors or F in the New York Stock Exchange produces cars and trucks you could see almost everywhere. However, they were one of the big companies badly hit by the 2008 financial crisis. Anyway, their stock chart was on an uptrend from 2009 up to March of 2010. Then the stocks broke down from its uptrend and formed the right shoulder of the head and shoulders formation. Recently, its stock price has also broken below the neckline of the said formation (indicated by the yellow circle) and is bound to go lower all the way to the $8.86-9.00 support levels. If that level of support is cleared out then the price could drop and hit the $6.50-6.70 price mark. On the upside, if it manages to climb back above the neckline, its immediate target would be $11.80-12.00.
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