XU100 has became bullish after the beginning of the falling in 2010-2013. Technically monthly chart is now (2023 May actually) in the same state as it was in 2004 April which suggests in a couple of years it will retest ATH and possibly will break it and continue further. Fibo channel visualizes possible support and resistance trend lines.
its not financal advise.
There is the potential for it to continue appreciating against gold.. If the falling wedge formation is broken, the targets it will go to are indicated on the graph
BIST:XU100 Helo guys,
It is a short analysis of the xu100, I believe it has to make a correction. Because it has gone up too much. By the way, it is not a financial advise. Please do not buy or sell listening to me. I know nothing. I just try to see how much I will correct or how much I will be wrong.
Whatever you do, they print money and you never win. People still following TL as a income but world counts in as USD right now.
That will be too late when people realize these fake earning, both real estate and stock market gonna collapse. (USD Based)
After the elections, there are important developments in the field of economy in the country.
Transition to the rational economic program.
TC Central Bank independence.
Change of central bank and economy ministers.
#bist100 came back from its 200-Day moving average strongly and closed above all key SMAs.
volume spiked too.
now, to start a new up-trend, it must cross above its 6-month "down-trend channel".
personally, according to the Friday gap up, I expect a correction towards the long-time trend line (green line).
it can cause pullback in many leading stocks.
a real bull...
The attention of many stockbrokers is now focused on the Turkish stock market. And not only because of the second round of presidential elections scheduled for May 28. The main reason lies in another - this market has shown tremendous profitability on the horizon of the last 3 years. In the period 2020-2022, the main Turkish index Borsa Istanbul 100 (BIST 100)...
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...
I expect bearish rally will continue till election. Corious to see bottom line and new economy policy. It has to change even existing policians keep governing.
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…
