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XEG: Will the downtrend ever end?

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TSX:XEG   ISHARES S&P/TSX CAPPED ENRG IND ETF UNIT
XEG has been in the downtrend for over 10 years (!) all the way till it hit its lows at $2.54 in March 2020. But then a bounce happened that seems to be able to sustain momentum on the monthly chart.

Will the downtrend ever end?

I expect it to at least reach the upper bound of the downtrend channel around $10. Too optimistic?

Not a financial advice, please do your own research and share feedback!
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