TEOSENG - Pending Reversal in Big Picture
- A new bullish rally just started, after long downtrend since December 2019.
- From the weekly chart, can see the price has broken the downtrend channel and bottoming as well.
- Golden cross of MA which indicates reversal of trend / change in trend has occured as well.
- The catalyst of this could be the rising price of chicken and egg which already happening, and expected to get worsen in coming months. (refer to news link in comment)
- In short, support as drawn in pic, and in mid to long wise, it probably will form a nice bullish rally.
Want to learn practical TA skill?
Want more potential bullish chart review?
Welcome to Subscribe to my Youtube channel @ta_bullplay
Created by TA_BULLPLAY | Jul 27, 2022
https://t.me/youngmanacademy
Created by TA_BULLPLAY | Feb 16, 2022
TA_BULLPLAY
https://www.nst.com.my/news/nation/2022/01/761139/prices-chicken-eggs-likely-increase-after-feb-4
2022-02-16 00:57