US equity Market Overview:-

US equity market was at its all-time highs on Tuesday as investors welcomed positive economic reports of US and a wave of buying in Europe after a long weekend. Traders after a long weekend showed up a positive sentiment in the market but with a less volume. Wall Street was led majorly by gains in tech, utilities and financial stocks. Data showed orders for US Manufacturing goods rose unexpectedly in April with a rise in home prices in March, beating expectation. With no major data on Wednesday market is expected to keep its pace lower with range bound movement.

FORD MTR CO DEL

Recommendation : Buy Above $16.20
Target : $17.20

STOCK SUMMARY:-
Ford Motor Co is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $16.20 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $17.20.

CHART FORMATION
Stock is in bullish trend for near term and price is taking support from trend line with a formation of inverse Head and Shoulder pattern on daily intraday chart. Near term breach of resistance level of $16.20 is expected, which would result into bullish sentiment in the stock to test the levels of $17.20.

INDICATORS:-
RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which  is indicating  the bullish sentiment in the stock.

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