Fobal

Fobal

So we can clearly see a descending broadening wedge on the chart which is forming from 29 November 2021. Waiting for a third downwards move which will take us down to 3000-3200 area. Its near strong supports, 200 smma huge support, broadening wedge support line. After that we can expect a strong move upwards(high propability) with a breakout if we have good news....

Fobal

Price on 200 weekly ema (STRONG resistance), resistance#2 from descending broadening wedge (yellow line), near 2 resistances(green lines). Rsi on neutral level. Pretty high propability for upside. GL AND DYOR. My_twitter_below: