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.

עסקה פעילה:

it is trying to retest the breakout level,

הערה:

Price is approaching the support zone again,

הערה:

price is consolidating at the support zone, it can consolidate till indefinite period of time, so a lot of patience is required here.