BEL - Inverse Head & Shoulders.
The stock has been on a downtrend since 2017.
It has formed Inverse Head & Shoulders which is a very strong bullish reversal pattern. BEL should sail smoothly once it crosses the level of 124.
Duration is long since it's a weekly timeframe analysis.
Target should be - 145 and then 170.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
It has formed Inverse Head & Shoulders which is a very strong bullish reversal pattern. BEL should sail smoothly once it crosses the level of 124.
Duration is long since it's a weekly timeframe analysis.
Target should be - 145 and then 170.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
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