Ford (F) shares will remain in focus after slumping on Monday as investors digested President Donald Trump’s 澳洲幸运5官方开奖结果体彩网:plan to double tariffsꦯ on steel i𒐪mports to 50%.

The tariff hike, which the president announced late Friday, sent shares in Ford and General Motors (GM) tumbling on Monday over concerns the levies would greatly increase autom⛎akers' manuf💦acturing costs. Experts have cautioned that steep import du🐓ties could raise prices of cars by thou🥂sands of dollars.

Ford shares fell nearly 4% to just under $10 on Monday. The stock is back to where it started 2025 and has dropped 18% over the past 12 months, pressured by elevated input costs and EV development expenses that are squeezing the automaker’s 澳洲幸运5官方开奖结果体彩网:profitability. Last month, the company 澳洲幸运5官方开奖结果体彩网:suspended its full year outlook amid worries about an uncertain auto tariff 💝environment.

Below, we take a closer look at Ford’s chart and use 澳洲幸运5官方开奖结果体彩网:technical analysis to identify important price ﷽levels worth watc💝hing out for.

Rising Wedge Breakdown

Since setting a multi-year low in early April, Ford shares have staged a 澳洲幸运5官方开奖结果体彩网:countertrend rally within a 澳洲幸运5官方开奖结果体彩网:rising wedge that saw the price briefly reclaim the 澳洲幸运5官方开奖结果体彩网:200-day moving average. However, more recently, the stock broke down from the pattern to resume its longer-term 澳洲幸运5官方开奖结果体彩网:downtrend, closing below the 50-day MA on above-average volume in Monday’s trading session. 

Meanwhile, renewed selling has coincided with the 澳洲幸运5官方开奖结果体彩网:relative strength index falling below neutral territory, signaling weakening 澳洲幸运5官方开奖结果体彩网:price momentum.

Let’s identify two important 澳洲幸运5官方开奖结果体彩网:support levels on Ford’s chart and also point out overhead area🌸s wor♛th monitoring during future upswings in the stock.

Important Support Levels to Watch

A continuation of the stock’s downward momentum could initially see a fall to around $9.50. This area may provide support near a 澳洲幸运5官方开奖结果体彩网:horizontal line that connects a range of comparable trading activity on the chart extending back to last August’s prominent🐽 trough.

Ford bulls’ failure to defend this important 澳洲幸运5官方开奖结果体彩网:technical level could see the shares drop to lower support near $8.40. Investors may seek longer-term 澳洲幸运5官方开奖结果体彩网:buy-and-hold opportunities in this region around the notable April 澳洲幸运5官方开奖结果体彩网:swing low.

Key Overhead Areas Worth Monitoring

During future upswings in th🅷e stock, investors sﷺhould keep their eyes peeled on the $10.80 area. The shares could face overhead selling pressure in this location near the top of the rising wedge pattern.

Finally, a more bullish move could drive a rally toward $11.40. Investors who have bought Ford shares at lower prices may decide to 澳洲幸运5官方开奖结果体彩网:lock in profits at this level near multiple peaks that💙 developed on the chart between August and November last year🧸.

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As of the date this article was written, the author does not own any of the above securities.