Ford (F) shares closed higher on Tuesday, one day after the 澳洲幸运5官方开奖结果体彩网:automaker reported quarterly res🉐ults that topped Wall Street expectations and suspended its full-year forecast amid auto tariff worries.

Although the company pulled its annual guidance, it said it expects tariffs to reduce adjusted earnings by $1.5 billion this year, putting a number on the impact of the Trump administration’s hefty auto import duties. The news comes after rival General Motors (GM) recently 澳洲幸运5官方开奖结果体彩网:slashed its outlook💝, warning that auto tariffs could have a $4 billion to $5 billion impact on its full-year profit.

Ford shares gained 2.7% on Tuesday to close at $10.44. The stock is down more than 16% over the past 12 months as challenges in the company’s EV division and ongoing tariff concerns weigh on investor sentiment, though it's gained more than 20% from its early-April low.

Below, we take a closer look at Ford’s chart and apply 澳洲幸运5官方开奖结果体彩网:technical analysis to locate crucial price levels worth watching oꦐut𝓀 for.

200-Day Moving Average Provides Resistance

Ford shares oscillated within a 澳洲幸运5官方开奖结果体彩网:falling wedge pattern between July last year and April, potentially indicating a long-term 澳洲幸运5官方开奖结果体彩网:accumulation phase.

More recently, the stock broke out above the pattern’s upper trendline but has encountered resistance near the closely watched 澳洲幸运5官方开奖结果体彩网:200-day moving average (MA). 

It’s also worth noting that 澳洲幸运5官方开奖结果体彩网:trading volume has declined during the current move higher, suggesting that larger market participants, such as 澳洲幸运5官方开奖结果体彩网:institutional investors and hedge funds, reꦬmained on the sidelines ahead of the automaker’s quarterly report.

Let’s identify crucial 澳洲幸运5官方开奖结果体彩网:support and resistance levels on Ford’s chart that i𓆏nvestors will likely be w🐠atching.

Crucial Support Levels to Watch

The first lower level to watch sits around $9.50. The shares could find support in this area near a trendline that connects a range of corresponding 澳洲幸运5官方开奖结果体彩网:price action on the chart stretching from August to April.

Selling below this level could see the shares revisit lower support at $8.50. Investors may seek buying opportunities in this region near last month’s prominent 澳洲幸运5官方开奖结果体彩网:swing low, which also marked a 澳洲幸运5官方开奖结果体彩网:bear trap in the stock, a trading event that lure🦋s investors to sell upon a breach of majo♏r support—the falling wedge pattern’s lower trendline in this case—before the price makes a swift reversal.

Important Resistance Levels to Monitor

Coming into Tuesday's trading session, $10.25 was a key level. This area on the chart, just below the downward sloping 200-day MA, was susceptible to selling pressure near a trendline that linked an array of 澳洲幸运5官方开奖结果体彩网:peaks and troughs on the chart extending back to last September.

A sustained breakout above this level could drive a move toward $11.25. Investors who have bought Ford shares at lower prices may look for 澳洲幸运5官方开奖结果体彩网:profit-taking opportunities in this area near several ꧂peaks that😼 developed on the chart between August and November last year.

CORRECTION: The chart in this story has been updated to correctly identify a trading pattern as a falling wedge pattern.

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