federal mogul looks bullish in short to medium term

Zaktualizowano
It is in long term uptrend.

In daily, it broke out of descending channel with good volume, also price closed above upper bb and bb is expanding and reversing .
snapshot

In weekly, hidden bullish divergence is seen. snapshot

also price has reversed from horizontal support zone. snapshot

with sl - 512, tgt - 640.
Zlecenie aktywne
it is trying to retest the breakout level, snapshot
Uwaga
Price is approaching the support zone again, snapshot
Uwaga
price is consolidating at the support zone, it can consolidate till indefinite period of time, so a lot of patience is required here. snapshot
breakoutbreakouttradingBullish PatternsChart PatternsTrend Analysistrendreversal

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