2022-02-15 10:02:47
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.
In short, support as drawn in pic, and in mid to long wise, it probably will form a nice bullish rally.
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