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TEOSENG - Pending Reversal in Big Picture

TA_BULLPLAY
Publish date: Wed, 16 Feb 2022, 12:57 AM
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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.

 

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Discussions
1 person likes this. Showing 2 of 2 comments

♠ Mr. ACE

Interesting stock. How about its mother holding company?

2022-02-16 01:16

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