sarathkochu

Waiting for the trade triangle analysis to form.

BIST:ASELS   ASELSAN
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Upon reaching the resistance of the trade triangle a short play could be possible which could catch around 100 pips. Upon reaching near the 0.75 of fib time zone a break out from the trade triangle is possible which could be long due to the fundamental strength of the company. Fundamentally the company is doing great with its revenue growth every year as it has managed to grow drastically over the last 3 years. Fundamentally the company is expected to grow even more as their stock price have gone up since march 2020.

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