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LOREAL (OR): Long Trade From Key Level (forecast)



Loreal stock is falling since January.

From 6th the price started to contract within a falling wedge pattern.


On Friday the price reached major horizontal support and then formed a double bottom formation on hourly time frame.


Today we see a breakout of the resistance of the wedge .

It is a very strong bullish clue and the market will most likely start growing.


Goals: 301 / 304

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