Both are consumer durables producers. VESBE has been one of the favourite tickers of the retail traders, mostly due to the high payout ratios and dividend yields, during the last years but the direction may have changed.
As ARCLK began buybacks during the last 3 months the Turkish now global giant offers more upside potential. I have long positions on both but...
The ascending channel started in March 19 (blue) is still intact . Price has entered into the LT ascending channel (green) , there is good profit potential if it stays in the green channel. Set a SL below the blue channel.
ARCLK, sold-off sharply after earnings came in well under expectations, causing the equity to fall from 21.21 TRL to 17.56 TRL in just a couple of days. A bounceback in ARCLK could bring the equity back to roughly 18.75 TRL.
The retracement was unexpected, while the sell-off was reasonable after the revisions for the 2019 fiscal year by management but a...
The price is currently at the low FIB levels and trying to find support.
If it can find support, the price may rise 21-22 TRY range.
RSI and MACD are recovering, which is a positive sign.
Volume accumulation from the buy side also signals an uptrend.
It is not investment advise.