Hey my friends, TIMKEN CO is in a bearish dynamic fake with a water-carrying candle and a fake return of sales volume made Looking at the TIMEFRAME M1 we see a dash with a start of a return of purchase volume issued, it goes towards the top of the resistance This corresponds to the base of the bollinger for a retest then access the VWAP after the highest of the...
Autos, heavy trucks, everyone's setting sales records.... you figure a bearing supplier has to be making money off of it.
In for earnings tomorrow morning, expecting a triple top here.
NYSE:TKR this had an attempt to go higher earlier this week, but failed. After a failed move higher usually comes fast move down. see my note on where to short it indicated on the chart.
Please like and comment if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
A huge price gap to the upside in today's session with supporting volume. There is an opportunity to go long if share prices break and hold above 49.00
I just think "short" when I see such moves up.
...but have to keep in mind, that markets can go up infinite.
Chances to reach the centerline is very high.
