PRDGS will probably start its bounce starting from Monday next week and possibly extend it with the announcement of the quarterly balance sheet.
We can clearly see the 5 wave Elliot Wave and that the sellers are exhausted with the Weiss Wave Analysis, also a nice sign that the weekly closure was above the lower 1.618 fib line and depending on how the broad XU100...
We have a dream.
16/01/2023 - 20/01/2023 = 11,470₺
23/01/2023 - 27/01/2023 = 16,780₺
30/01/2023 - 03/01/2023 = 27,020₺
06/02/2023 - 10/02/2023 = 42,510₺
13/02/2023 - 15/02/2023 = 50,10₺
(It's a bit of a joke and should not be taken seriously but oh boy if it actually happens lol)
Friday had INSANE amount of volume (like 10x of average daily) with buyers absorbing most of the sales at the minimum traded price level (10 TRY) which kind of forms a new bottom and entry for a lot of major players so with bears getting exhausted and with thinner low liquidity sell-side order book might mark the end of the major correction and can bounce even up...
