Ford Motors $F has been in a short-term consolidation range since October. Ford Daily Chart(click to enlarge)Range:- The daily chart shows that price has been ranging between 11.86 and 12.46. - It should be noted that there was a sharp rally in August through September that brought price from a low of 10.47 to a high of 12.46. - The bullish momentum from this rally is still "alive" as the daily RSI holds above 40.- Also as long as price holds above 11.60, it would stay above the 200- and 100-day simple moving averages. This would be a nother sign of F turning bullish.- A stronger sign would be a break above 12.50. - But a break below 11.85 is not necessarily the end of the bull run. Again, if price breaks below 11.85, we should monitor the 11.60 area. A break below 11.60 then opens up the lows of the year around 10.50-10.80. Ford Weekly Chart(click to enlarge)Bearish:- The weekly chart shows a bearish trend since 2014. Price has been falling in a choppy manner, within a falling channel.- Price is also below the 200- and 100-week simple moving averages. - As we can see, there is a bit more bearish bias here. But this bearish bias can be cast aside if price can rally back above 12.50.