nikitaroma739

Break of resistance line + confirmation. LONG

Largo
As you can see on a chart provided, the price rejected 2 times before breaking the resistance line. After the breakout price went down to confirm it. After the confirmation price went up. To conclude, BIFI was in a long desceading channel, bearish trend, and now this channel has been broken, meaning that the trend changed to bullish. I can assume, that there are clear signs for long-term buy. Let me know, what you think about the idea.
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