Analysis of the reasons for FET bottom-fishing:

Piercing line and double bottom pattern:

From the chart of the four-fold reduction period, FET has a piercing line and a double bottom pattern, which is usually a strong reversal signal.

Bull flag pattern:

After the previous pull-up, FET formed a bull flag pattern after the correction, which is a typical bullish pattern, indicating the possibility of subsequent rise.

MACD indicator:

MACD has broken through the zero axis and did not break when it stepped back to the zero axis, showing the potential strength of the market.

EMA long arrangement:

EMA shows a long arrangement, indicating that the current trend is upward and is expected to continue to rise in the short term.

The bottom is constantly rising:

The bottom is gradually rising, showing that the buying power is gradually increasing and the support is increasing.

Disadvantages:

The bull flag adjustment is too deep:

After the bull flag pattern is formed, the adjustment depth of FET is large, which may weaken the momentum of subsequent rise.

The breakthrough is not strong enough:

After the adjustment, FET did not break through the previous high in one fell swoop, but needed a second breakthrough to reach a new high, which may reflect the hesitation of market buying.

Summary:

If not negatively affected by the overall market sentiment, FET is still expected to be bullish in the future.