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 revenues for the upcoming months.
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 revenues for the upcoming months.
Note
Daily 200 MA is also a support at the bottom of this channel and working as a support as well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.