Watch These Ford Price Levels as Trump’s Steel Tariffs Drive Stock Lower
Key Takeaways
- Ford shares will remain in focus after slumping on Monday as investors digested President Donald Trump’s plan to double tariffs on steel imports to 50%.
- The stock recently broke down from a rising wedge pattern to resume its longer-term downtrend, with the price closing below the 50-day MA on above-average volume in Monday’s trading session.
- Investors should watch important support levels on Ford’s chart around $9.50 and $8.40, while also monitoring key overhead areas near $10.80 and $11.40.
Ford (F) shares will remain in focus after slumping on Monday as investors digested President Donald Trump’s plan to double tariffs on steel imports to 50%.
The tariff hike, which the president announced late Friday, sent…
