Reacting to the major support zone of 350–370 TRY, #BRSAN has shown some activity spikes. Above, there are two strong dynamic resistances — the descending trendline and the 200-day SMA. Since they are tangent, their importance is even higher.
A strong breakout above both could signal the start of a new trend. We also need to see a spike in trading volume to confirm it.
This is not a recommendation, just an observation.
A strong breakout above both could signal the start of a new trend. We also need to see a spike in trading volume to confirm it.
This is not a recommendation, just an observation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.