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.
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...
While all banks stock prices are rising, GARAN stands still due to the intense pressure at the 12.20 level. Obviously, BBVA, which wants to collect the shares, wants to keep the price below its buyback offer, 12.20. We know how such pressures will result from USDTRY. Almost all of the technical indicators are showing strongly BUY. But it is still at its historical...
Following weekly chart.
There is a clear cup and handle formation for Garanti and it's ready to break the resistance.
Possible scenario is break the resistance next week very powerful, then turn back to gap and then hit the target.
Tp 17.86
SL - I'll use 9.5 area as a SL and re-join.
GARAN, ikili dip sonrası, harmoniksel olarak da pozitif durumdadır. XA 0.618 sonrası XA 0.886 (grafikte hedef gözükmektedir.) yolunu kolaylıkla izleyecektir.
