Company: Gedik Yatirim Menkul Degerler
Ticker: GEDYH
Exchange: BIST
Sector: Financials
Introduction:
Welcome to our weekly technical analysis, where today we're focusing on Gedik Yatirim Menkul Degerler (GEDYH), listed on the BIST in the Financials sector. The weekly chart showcases a Cup and Handle formation, suggesting a bullish continuation.
Cup and...
Company: Turkiye Garanti Bankasi
Ticker: GARAN
Exchange: BIST
Sector: Financials
Introduction:
Welcome to our daily technical analysis, focusing today on Turkiye Garanti Bankasi (GARAN), a leading player in the Financials sector, listed on the BIST.
Ascending Triangle Pattern:
This Ascending Triangle pattern forms during an uptrend and is viewed as a...
I have detected that BIST price has been moving according to the fibonacci retracement for several months. Let me explain the whole strategy of the fibonacci retracement and how the price adapts, in order.
BIST index is in a continuous downtrend from 9 March to 3 April. At the end of this downtrend (4712), I drew the Fibonacci retracement, which I received...
ODAS is abiding the parallel channels since April 2022.
Two levels are given according to the price action. You can swing trade between the red intervals if it gives an opportunity.
BIST100 Major and minor channels.
Log-graph.
- Orange channel is there since 1998.
- Purple channel is where we are surfing since Oct 2021. As long as we are above 5075, we are at the upper half of this channel, which is bullish.
- April 21 or 24 is an important date, where we have overlapping channels, one is descending and the other is ascending. If we are...
SMRTG's trend fron July 2022 acted as a support for it in the last week.
It's a decent growth company that is, well, a bit overpriced in terms of the fundamental ratios as of now.
However, i think we will see a price movement towards 93 TL from here. The strategy is simple.
- Each time it touches the blue trend line, I'm a buyer,
- Each time it touches the red...
ISGSY's Q4 2022 report was looking great. However, due to the earthquake and the political climate being on the edge, not a lot of Q4 earnings are actually priced in. #BIST100 has been fluctuating for the last 3 months.
ISGSY is, i think, preparing it move towards 18.30 TL.
If it ever goes down towards 12.30 TL levels (rectangle shown in red), I will allocate a...
DEVA hit its bottom of the channel the last Tuesday. So this analysis is 3 days too late to be honest.
However, it is still looking great and the Risk Profit Ratio is pretty decent still.
Under 35.00 TL is risky, but other than that, I would accumulate DEVA in the upcoming week. There is a chance that it will re-try the bottom of the channel and get its...
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...
Based on the information provided, the price has been range-bound for the last 80 days. Additionally, the last range lasted for 120 days before breaking out. This suggests that the current range may continue for some time, and traders should exercise caution when considering trading opportunities.
The technical analysis includes two scenarios: a bullish scenario...
Following daily chart.
There is a H&S formation which got a confirmation yesterday.
TP1 around 58-60 which is 200 EMA
TP2 - if it breaks EMA 200, then expecting 47.45 as formation target.
SL 78
The BIST100 index recently experienced a trendline break, failing to reach the previous trendline and forming a lower angle trendline. This new trendline is showing signs of weakness, as evidenced by the formation of a double top pattern. Given these indicators, it is likely that the BIST100 will experience another trendline break, potentially leading to a...
Price action has recently moved up from the lower bound of the chart, however, given the current apprehensive sentiment among retail investors and the impending elections, it is unlikely that we will reach the upper bound of the chart in the near future.
15m chart:
A bounce from the middle thich green line like the last few times it has done would signal a major continuation of the rally like September, if we are really going to get levels like 8000-10000 we really shouldn't break this structure and trend and i believe we won't.
