Ford Motor Co. (NYSE: F) shares, which have been trading in a channel during the short term, lost some ground in Thursday's session. The shares have seen a strong uptrend in the long term. Ford Technical Levels To Watch: The 5-minute chart above shows that the stock has been trading in a channel in recent days. The chart has shown to have some support at the $12.40 level. This area was a previous resistance that retested as support and held later in the short-term chart. The chart is also showing that the $13 level has previously held as resistance. This level could hold as a future resistance level. Short-term bullish technical traders would like to see the $13 resistance level break with some consolidation above the level before the price makes an upward move. Short-term bearish traders would like to see the stock fall below the support level with some consolidation before a further downward push occurs. Watch: a recent discussion on Ford on Benzinga's "ZingerNation&#x
Foresight Autonomous Holdings (NASDAQ:FRSX) shares gapped up on Friday amid an announcement from the company.
Foresight Technical Levels To Watch: The short-term, 5-minute chart above shows the gap as the price moved from around $7 to $8.60 premarket Friday. The stock has since sold off some of these gains.
A key level before the gap was near the $7.40 price, as the price was unable to break above this price. This is an area of potential support if the price were to fall to this level.
A couple potential key resistance levels come near the $7.80 level and the $8.60 mark. The $7.80 level was a place where the stock found some support after the gap up, but was unable to hold. There is potential that this level can become a resistance level in the future. Another level to watch is up at $8.60: this level was near the high during premarket trading where the stock was stopped from too much selling pressure. This area could also hold as a potential short-term resistance.