SKF has not been getting any respect for quite awhile now; but the situation may have changed.
Take a look at the hourly SKF chart below:
Did you see the potential breakout happening here? It has already taken out last Friday high and is working on taking out last Thursday high.
Take a look at the daily SKF chart below:
Did you see how today green bar pierce the downward trendline? Did you also see the price/momentum divergence below the chart?
I think it is high time we pay some respect to SKF.
You see, SKF doesn’t have to be your enemy, you can be a friend with it. All you need to do is to go along with the flow of SKF and it will be your best friend ever!
Without a doubt, I’m long on SKF since today.
Oh yeah, SKF is buying drink today. (grin)
Trade well!
If you enjoy the content at iBankCoin, please follow us on Twitter
