Technical Outlook Video for Ford $F and Honda $HMC Stocks Week 17th April

Technical Outlook Video for Ford and Honda Stocks Week 20th April

This week on we will be looking at the Car companies.

On Ford this week, The market is down and Trending. We are retesting the lows from 2016 at 11.11 and price as bounced off this daily demand zone several times in the past so now we are expecting to see that zone break as the trend to the downside continues.

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Looking at Honda this week, are are retesting a daily demand zone. Now this zone is aqua in color meaning that this is the first time price as been at this area. The Zone from 28.95-28.33 is new and fresh yet the Trend is down and would expect the Trend to continue instead of the zone holding. If this area does hold then I would expect to see a retest of the supply zone at 30.41 before continuing back down. However, price looks like it could be reform this demand level as a new supply level that we would see moving forward as demand is becoming supply with the direction of trend.

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