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BEST - MACD bullish divergence and channel breakout!Hi Guys, BEST broke an almost 2-years down trend channel (started on January 21st 2020) on September 2021, with huge weekly volumes. The price target for this technical pattern is 3$, which is also the 0.382 Fibo level of the downtrend leg which started also in Jan 2020. In addition to this, MACD on the weekly chart is showing a huge bullish divergence which makes pretty realistic an inversion in the upcoming weeks. Please also note that the price action is now consolidating in a symmetric triangle and forming a right shoulder. Not a financial advice, just personal opinion. Do your own due diligence and good luck!
BLong
by FrancescoMerlettini

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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