Running to the level of 27 lira, Hektas reached the downtrend.
If it breaks this trend level, Hektas will encounter resistance at the level of 30 liras.
A rejection from the resistance would also be a downtrend retest. Therefore, in a run that will come again, 30 lira resistance can be broken.
Following daily chart, got a short signal.
TP - following 100ema, I think target will be around 11.42-11.5 (around 9%)
SL - 13.37, please wait for daily candle close.
Following daily chart, I got a long signal from my indicator.
TP - Following EMA100 for TP, I think it'll be around 45-47, pretty sure will be higher than 44.5
SL - 39
The #bist100 has gained more than 250% during a bullish period of about 500 days.
Making a new base or pullback is completely normal.
But, especially, after a big fly, any pullback can turn into a big reverse.
I stay away from such a risky market.
If you want to stay in it, please don't use margin and be very careful about risk management.
Historically equilibrium model works for markets.
Bulls spended more time above green line (picture). Market needs to equalize it because volatiliy is high.
More time is needed for bears to navigate under green average lines
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...
No liquidity of forex currencies, hyperinflation and quantitative easing at it’s reckless form…
There is no escape from inevitable…
Truly painful to look at…
Following weekly chart.
There are already fundamental problems in banking industry in Turkey, so this support the chart.
I got short signals from both 2 indicators.
TP 22.8. (around 16% gain)
SL 28.68 - Please wait for weekly close.
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
