federal mogul looks bullish in short to medium term

Mis à jour
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.
Transaction en cours
it is trying to retest the breakout level, snapshot
Note
Price is approaching the support zone again, snapshot
Note
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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