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...
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
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.
Running non-stop from 51.70 lira to 65 lira, Alarko reached to downtrend.
This trend level also coincides with the Fibonacci 618 level.
Alarko, which is likely to be rejected at this level can start its target run of 74.45 liras after a minor possible retest if it breaks this level.
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.
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...
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
