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

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.