Timken has been stagnant from few months and has been showing moves in a channel.
Indication showing that it is nearing breakout of the channel.
Can give good move its move is supported by good volumes. Looking for up levels of 3850-4060-4240 and with the base support at 3091-2865.
One concerning thing is current move not supported by volume and we have a gap at level of 2111 which has not been filled. It has already given 1000+ points in past 2 months
No recommendations, just my view on this chart.
Indication showing that it is nearing breakout of the channel.
Can give good move its move is supported by good volumes. Looking for up levels of 3850-4060-4240 and with the base support at 3091-2865.
One concerning thing is current move not supported by volume and we have a gap at level of 2111 which has not been filled. It has already given 1000+ points in past 2 months
No recommendations, just my view on this chart.