BESI: positive long term momentum but short term doubts
The long term trend is positive, but short term perspectives don't explain us which way we will go out. I suppose that the market will chose a way up. The Elliot Wave Oscillator and the Squeeze Momentum both indicate that choosing one way will be with great conviction. Given a solid positive long trend, the way will be up! First of all the recent highs have to be broken.
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I'm in @ 48,34.
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Next target: 49,98
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Through the resistance: next target = 51,29.
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An intraday top is set, this can lead to a resistance on the short term. Still long!
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Wow!
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Wow!
