Is Ford Stock Revving to Take Off or Slamming on the Brakes?

Is Ford Stock Revving to Take Off or Slamming on the Brakes?
Ford Motor Company's logo on the side of its building at the unveiling of their new electric F-150 Lightning outside of their headquarters in Dearborn, Mich., on May 19, 2021. Jeff Kowalsky/AFP via Getty Images
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Ford Motor Company opened lower on Wednesday in sympathy with the general market, which saw the S&P 500 trading over 1 percent lower.

The legacy automaker-turning-electric vehicle giant, which plans to take on Tesla, Inc. in a battle for market share, has recently been flashing bullish indicators on its chart.