Hektas Critical DowntrendRunning to the level of 27 lira, Hektas reached the downtrend.
If it breaks this trend level, Hektas will encounter resistance at the level of 30 liras.
A rejection from the resistance would also be a downtrend retest. Therefore, in a run that will come again, 30 lira resistance can be broken.
HEKTS
WHY TO GO LONG WITH HEKTS?The stock price is moving in to rectangle zone. Prices are bouncing back from the rectangle top level, however reactions are always having a higher low levels. Moving average is above the resistance and already done a pull back.
The rectangle area is 3.80 TL and the reference level is 12.37. Target level is 16.17 TL. StopLoss: 11.42
Potential profit per share= 3.80 TL
Potential loss per share= 0.95
ROI= 4.00 (Strong) That means, the position can recover from 4 stoploss without any loss by hitting the target once.