UPDATE: TUR suggests dollar is peaking Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
TUR
WEEKEND REVIEW: Is Turkey the least dirty shirt? TUR target $46Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: You have to go to scary places to get RICH!Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
TUR: Time to Invest in Turkey?With Price/Earnings of 9.3 Turkey is may be seen as good 'value' ...just ignore the other things like the impact of a failed coup, a weakening currency and a retreat by investors unnerved by political instability.
That said, the market is buying, with MSCI Turkey up 11% this year, and testing its upper side of the trend channel. At $37 its looking to break, and a price target of $42.5 to $46 looks achievable.
Ultimate setup for me... I have been waiting this setup for 3 months. So today yes today it seen bottom line. And so far so nice reversal...
My target long term 1-2 years for upper side line top of this ABCD correction.
Best wishes to everyone...
$TUR No way out nearTurkey is facing with itself for couple of weeks and it seems this hard period tends to continue.
There are some fundamental reasons for this weakness; especially political risks and Central Bank issues.
There is an election in Turkey in June'15 and government increases the pressure over the Central bank to reduce the interest rates, before the election. But the Central bank resists this political pressure because of high inflation. This conflict resulted higher risk premium for Turkish Financial Markets.
Market needs to see a clearer picture for an upward movement hereafter.
There is a rough road to $40 level. For below $40, I think this is another story.