TUPRAS $TUPRS is breaking downtrendEntry TRY 88.50
S/L. TRY 83.90
TP1 TRY 92.10
TP2. TRY 96.15
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Thx
Bist30
ASELSAN ALIM FIRSATI VEREBİLİRHerkese Merhaba,
Aselsan'ın alım fırsatı vermesini umuyoruz, bilanço beklenenden iyi gelecek gibi duruyor. Bilanço sonrası alım iştahı artabilir.
bol kazançlar.
#BIST #BIST100 #ELLIOTTWAVE macro viewI foresee that (X) will return from this red area.
When (X) becomes clear, the true value of (Y) can be said.
#mgros #migros #bistMigros managed to stay on the red resistance and the red resistance turned into support.
TP1: Unless it falls below the red support line, the pink area can be targeted.
SL: Red support line under-closings STOP
U.S Dollar Based Borsa Istanbul 30 Index Futures can test ResistAlthough the fragility in the Turkish Lira continues, we see relief from the exchange rate after the Iranian tension.
At least we can expect the index to test the resistance point in the first place.
The ban of short sale in Borsa Istanbul makes me a little startled.
That is why the domestic investor plays ball in the index and volumes are calm.
On the other hand, the weekly chart also showed a buy signal :
So let's take a small position to stay in game.
NOTE :
This analysis was made on the U.S Dollar based value of the Borsa Istanbul 30 Index.
We can make this analysis more risk-free with the following parameters:
Position Size : Small percent of portfolio (%5 - %10 )
Risk/Reward Ratio = 1 / 2
Stop-Loss : 24.200
Goal : 26.325
Furthermore, we can look at discounted XU030 stocks, and then let's we'il talk again.
You can see my U.S Dollar based Turkish Airlines stock position in related ideas, i attached.
Regards.
BIST 30 Does not Look Fun at AllSomebody asked me to draw elliott for BIST.
If anyone is interested, they can take a look. I won't be trading this.
Good day, use stop loss.
Leveraging can easily get you liquidated...
BIST possible scenario cast
As previously stated two analysis . First on 22 April
. The spill has been effective to 88,200 Level
And also after the spill , as we have stated with the run away gaps t the downside.
The second analysis of 12 JULY
Turkish manipulators, if necessary conditions are not strongly distrubed, have the tendency to close those gaps.
So expect to close 98,800 gap. Then a trial of 100.000
There will be a profit realization from 100.000 but ,most possibly these realizations will be short lived and the prices would head up. For a possible scenario of : creation of a huge head and shoulders formation.
The hypothesis to assume that prices will break 100.00 and go on depends mainly on the positive divergence of RSI and Momentum on daily and weekly basis.
which brings out the possibility of making of a huge H&S formation.
If this scenario holds, expect to see the right shoulder close to 110.000 levels.
As the analsysis is bullish , fundamentally BIST is weak so I am not issuing a long position here.
Follow us on twitter : Mr Turquoise @bsozen
Notice the runaway gaps to the downside.Notice the huge pressure to the downside and the general pattern is still very very bearish with a possible target of 75.000 ( the mean of the previous squueze channel)
Although Turkish Manipulators like to close all possible gaps when/if there is suitable environment, this gaps mean that there will be a huge pressure on the market to the mean 75.000.
It also coincedes with the Turkish Lira depreciation story.
Turkey has two major problems at the same time, lack of Savings and Lack of Foreign Exchange. The latter problem can not be solved via Turkish Lira nominated/settled swap auctions. There is a need for actual USD. Full Stop!
If market volatility calms down and manipulators try to close these gaps, that will be a great opportunity to sell long assets.
