#bist100 came back from its 200-Day moving average strongly and closed above all key SMAs.
volume spiked too.
now, to start a new up-trend, it must cross above its 6-month "down-trend channel".
personally, according to the Friday gap up, I expect a correction towards the long-time trend line (green line).
it can cause pullback in many leading stocks.
a real bull market needs time to be shaped.
volume spiked too.
now, to start a new up-trend, it must cross above its 6-month "down-trend channel".
personally, according to the Friday gap up, I expect a correction towards the long-time trend line (green line).
it can cause pullback in many leading stocks.
a real bull market needs time to be shaped.
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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.