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The first thing that came to mind when I viewed this chart is that we are at support right now. So if I were trading F, I would look for this support area to hold, and take an entry if it does to the long side.
But the problem is the overall market trend right now. If possible, can you overlay F with the SP500? If it shows any kind of strength against the overall market, I like it. However if it doesn't, then this support area will likely fail soon if market continues downward.
I still think my November 18 assessment holds true, I feel this area is acting as support (even more now), and it seems to be a good area to go long with small risk. But should the support area be broken, as can happen if we continue to get more bankruptcies and the overall market tone continues bearish, then I think you'll likely retest the 9.00 area rather quickly.
