federal mogul looks bullish in short to medium term
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 .
In weekly, hidden bullish divergence is seen.
also price has reversed from horizontal support zone.
with sl - 512, tgt - 640.
In daily, it broke out of descending channel with good volume, also price closed above upper bb and bb is expanding and reversing .
In weekly, hidden bullish divergence is seen.
also price has reversed from horizontal support zone.
with sl - 512, tgt - 640.
Trade active:
it is trying to retest the breakout level,
Comment:
Price is approaching the support zone again,
Comment:
price is consolidating at the support zone, it can consolidate till indefinite period of time, so a lot of patience is required here.