index_yunus
Long

ARCLK, LONG SETUP

BIST:ARCLK   ARCELIK
ARCLK , sold-off sharply after earnings came in well under expectations, causing the equity to fall from 21.21 TRL to 17.56 TRL in just a couple of days. A bounceback in ARCLK could bring the equity back to roughly 18.75 TRL .

The retracement was unexpected, while the sell-off was reasonable after the revisions for the 2019 fiscal year by management but a reversion to the mean is likely going ahead.
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