Aselsan seems to be reactive to MA 50 Days as support or resistance, here we can see that it has reacted to it once again in the previous week. Considering the RSI level and support in the MA50, I would expect a rally within the upper channel (st T:18TL- 2nd T: 21TL), yet going below the current price and staying may indicate a drop to 14 then 11.
This is not an investment advice
This is not an investment advice
Trade active:
We can see that the price hit 14 after market drop and returning back up to test 16.70, Rsi at 44 is important for Aselsan as highlighted before, If this can close above above 16.7 next is 18.7 and 23.
Trade closed: target reached:
First target is met and second target can be reached soon.