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alicanb
Apr 8, 2023 11:04 PM

EREGL at the bottom of its channel in loggraph. Long

EREGLI DEMIR CELIKBIST

Description

I think it's time to accumulate EREGL as long as the price is between 33.00 - 36.00 TL. It is already oversold due to Arcelor Mittal batch-selling.

Two levels that are important are indicated in the chart, both of them are as a result of simple Price Action, and will most probably act as resistances.

FEF1! is not bad either, which will support EREGL's quarterly revenues for the upcoming months.

Comment

Daily 200 MA is also a support at the bottom of this channel and working as a support as well.
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