Turkish REIT EKGYO (Emlak Konut GYO) is currently at a value (1,21) far below normally it should be (2,37-3,32). At first sight it seems a great buying opportunity. Now let's look at the chart more carefully. When we look at the weekly chart, it is still in the downward channel, and the uptrend it catches since the end of May looks like the reaction within...
When we look at the Bist100 index's hourly watches, the decline that started on July 27 seems to have gradually turned towards a horizontal course. As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August...
Starting with the FED's announcement, USD/TRY started to go up. This means Turkish Market top 100 BIST 100 may start a downtrend. Usually BIST 100 and USD/TRY moves opposite directions. Uptrend of BIST 100 started on May 22nd. When we look at the daily chart price is on support level, RSI is also on support level On 4hours chart; price is on support, RSI...
Buy pressure showed itself from very strong yellow support level and pushed the price over the resistance level. The price is doing retest move on current price, I think it will continue to go up at least to 1.22-24 resistance level. Stop level is under support level which is around 1.04-05
I'm not bullish on BIST 100 index, and I was expecting 90K first but it seems the current structure wants something else. This is my best-case scenario. It breaks current resistance, hits 106K first, then starts its journey around 90K to form a huge inverse H&S. This might be the only viable option for BIST to go for new highs. TRY assets are all fundamentally...
Could be a turning point for #SODA and upcoming bullish trend.
The stock price is moving in to rectangle zone. Prices are bouncing back from the rectangle top level, however reactions are always having a higher low levels. Moving average is above the resistance and already done a pull back. The rectangle area is 3.80 TL and the reference level is 12.37. Target level is 16.17 TL. StopLoss: 11.42 Potential profit per share=...
4H chart indicates a confirmed move to north pole. A channel has been forming since one month and it is worth to watch out how it will evolve.
Buradaki trend cizgisi benim icin onem arz etmektedir .
Very critical points for the BIST100
It breaks up trend down at 3.79 and couldn't come back for 3 hours. There is a possibility of fake break. Lets see how it react yesterday!