EPU is basing and showing signs of starting a new uptrend. Weekly 10 ema sloping up and on course to cross above the 30 ema.
V is looking sickly on the 5 year chart. It's looking like May of 2010 all over again. Bearish cross 10 week sma below 30 week sma as well as an inflection of 30 week sma (yellow bar on chop zone).
The Turkish stock market is being pummeled by bad political news. This presents great buying opportunities. If the downward regression continues, potential turnarounds are possible this month, March, and October at the support levels shown. I suspect a turnaround sooner rather than later.
1) 10 SMA above 30 EMA 2) Double bottom on Williams %R period 3 3) Gann fan and trend line placed to predict price trajectory
1) 10 SMA above 30 EMA 2) Double bottom on Williams %R period 3 3) Gann fan and trend line placed to predict price trajectory
1) Double bottom formed in Sept on lowest support level of the stock 2) Recent price movement showing higher lows 3) Latest positive candle is a doji at a bottom in the region of a fib time line 4) Predict price will bounce off the next fib timeline to breakout above resistance of $3.91 5) Expect this will follow with a long-term uptrend