As we can see on the chart, BESI has been moving within this long-term trend the past few years.
It recently has touched the lower trendline again which has been acting as support for a long time.
By looking at what BESI has done in the past few years and with those 2 trendlines in mind, we can expect BESI to be bullish for the next few years to come until it has...
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.