Saturday, August 3, 2013

FAG Bearings - Cloud Breakdown - Supports


  • For the first time in 2 years, FAG Bearings closes below Weekly Ichimou cloud. Long term trendline already taken out.
  • Trending down in a perfect channel.
  • MACD Negative Divergence and GMMA levels breakdown.
  • Supports at  1135-1150. Close below these levels means retracement for the upmove from 760 and 500 levels.


No comments:

Post a Comment