Ford (F) shares will remain in focus after slumping on Monday as investors digested President Donald Trump’s 澳洲幸运5开奖号码历史查询:pl⛄🧜an to double tariffs on steel imports 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 levie෴s would greatly increase automakers' manufacturing costs. Experts h🍨ave cautioned that 😼steep import duties could raise prices of cars by thousands 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开奖号码历史查询:profitability. Last month, the company 澳洲幸运5开奖号码历史查询:suspended its full year outlook amid worr🍌ies about an uncertain auto tariff env⛎ironment.

Below, we take a closer look at Ford’s chart and use 澳洲幸运5开奖号码历史查询:technical analysis to identify♛ important price levels worth watching out for.

Rising Wedge Breakdown

Since setting a multi-year low in early April, Ford shares have staged a 澳洲幸运5开奖号码历史查询:countertrend rally within a 澳洲幸运5开奖号码历史查询:rising wedge that saw the price briefly reclaim the 澳洲幸运5开奖号码历史查询:200-day moving average. However, more recently, the stock broke down from the pattern to resume its longer-term 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:relative strength index falling below neutral territory, signaling weakening 澳洲幸运5开奖号码历史查询:price momentum.

Let’s identify two important 澳洲幸运5开奖号码历史查询:support levels on Ford’s chart and also point out overhead areas worth monitoring du💛ring 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开奖号码历史查询:horizontal line that connects a range of comp♑arable trading activity on the chart extending back tไo last August’s prominent trough.

Ford bulls’ failure to defend this important 澳洲幸运5开奖号码历史查询:technical level could see the shares drop to lower support near $8.40. Investors may seek longer-term 澳洲幸运5开奖号码历史查询:buy-and-hold opportunities in this region around the notable April 澳洲幸运5开奖号码历史查询:swing low.

Key Overhead Areas Worth Monitoring

During future upswings in the stock, investors sho♈uld keep their eyes peeled on tꦿhe $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开奖号码历史查询: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.