ARCELIKThe head & shoulder formation should be taken into account in the Arçelik/gram gold parity!!!
ASELSANthe upward trend that comes with sustainable high-tech products continues. it seems to have reached the resistance point on the chart but I don't think it will be very difficult to overcome this point of resistance
NETAS long positionAs we can see on the chart the price is going to be in uptrending and the price is respecting the upsloping support.
We expect the price continue to be in an uptrend, so our strategy is entering a long position close to the upsloping support.
Target would be at the upsloping resistance.
KIZILBUKits not financal advise.
it is a star-shining stock in the real estate sector.
we started to see their ads on TV often.
the harmonic formation target is shown on the graph.
i will follow the results in the medium and long term.
usd eregl vs iron indexstrong positive corelation between eregl stock in USD and some iron- steel indexes has turned to negative in the middle of april which might be indicator of potential of of eregl
CANTE (CAN2)CAN2 done wave 2. are going to make a impulse 3. wave. I see two possible scenarios here.
1. scenario, it's going to make an extended 3. wave.
2. scenario it's going to make normal 3. wave.
Short, target 11.5Following daily chart, got a short signal.
TP - following 100ema, I think target will be around 11.42-11.5 (around 9%)
SL - 13.37, please wait for daily candle close.
Target 22.80, shortFollowing weekly chart.
There are already fundamental problems in banking industry in Turkey, so this support the chart.
I got short signals from both 2 indicators.
TP 22.8. (around 16% gain)
SL 28.68 - Please wait for weekly close.
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.
Alarko Reached Trend LevelRunning non-stop from 51.70 lira to 65 lira, Alarko reached to downtrend.
This trend level also coincides with the Fibonacci 618 level.
Alarko, which is likely to be rejected at this level can start its target run of 74.45 liras after a minor possible retest if it breaks this level.
GEDYH DCA - Cup and Handle Company: Gedik Yatirim Menkul Degerler
Ticker: GEDYH
Exchange: BIST
Sector: Financials
Introduction:
Welcome to our weekly technical analysis, where today we're focusing on Gedik Yatirim Menkul Degerler (GEDYH), listed on the BIST in the Financials sector. The weekly chart showcases a Cup and Handle formation, suggesting a bullish continuation.
Cup and Handle Pattern:
A Cup and Handle pattern is a bullish continuation pattern that marks a period of consolidation followed by a breakout. It's characterized by a "cup" - a round, bowl-like pattern, and a "handle" - a small bearish channel or consolidation, following which a breakout occurs.
Analysis:
GEDYH's chart demonstrates a clear Cup and Handle formation over the course of 833 days. This pattern often indicates a bullish continuation, signaling potential for growth. The price is convincingly above the 200 EMA, further emphasizing the bullish environment and a preference for long setups.
The horizontal resistance is established at 8.23 TRY. If we witness a breakout above this level, we could potentially initiate a long position. The price target, following a successful breakout, is set at 12.78 TRY, representing an estimated gain of approximately 55.83%.
Conclusion:
GEDYH's weekly chart presents an interesting Cup and Handle formation, suggesting a potential bullish continuation. This analysis should be part of a comprehensive market research and risk management strategy.
Please note, this is not financial advice and investing always carries risk.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
GARAN DCA - Ascending TriangleCompany: Turkiye Garanti Bankasi
Ticker: GARAN
Exchange: BIST
Sector: Financials
Introduction:
Welcome to our daily technical analysis, focusing today on Turkiye Garanti Bankasi (GARAN), a leading player in the Financials sector, listed on the BIST.
Ascending Triangle Pattern:
This Ascending Triangle pattern forms during an uptrend and is viewed as a bullish continuation pattern. It's characterized by a horizontal resistance line (formed by equal highs) and an ascending trend line (formed by increasing lows), illustrating the rising bullish sentiment.
Analysis:
Garanti Bankasi's chart is displaying a clear Ascending Triangle pattern. The upper horizontal boundary sits at 31.80 TRY, with three points of contact—the third being a false breakout which underscores the importance of stop losses. The lower, upward-sloping boundary also has three touch points.
Moreover, the 200 EMA is acting as robust support, suggesting a bullish environment and favoring long setups. Given these factors, we're keeping a keen eye on this chart for a potential breakout above the horizontal resistance. A breakout could present an opportunity for a long position.
The price target, assuming a successful breakout, is set at 45.60 TRY, implying a potential gain of approximately 43.50%.
Conclusion:
Garanti Bankasi's daily chart presents an interesting setup in the form of an Ascending Triangle, indicative of a potential bullish continuation. This analysis should form part of a broader market research and risk management strategy.
Remember, this is not financial advice and investing always carries risk.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Target EMA100, LongFollowing daily chart, I got a long signal from my indicator.
TP - Following EMA100 for TP, I think it'll be around 45-47, pretty sure will be higher than 44.5
SL - 39
Kardemir 3 or 6 month long positionKardemir 3 or 6 month long position as far as known local condition
ODAS channelsODAS is abiding the parallel channels since April 2022.
Two levels are given according to the price action. You can swing trade between the red intervals if it gives an opportunity.
SMRTG bounced from its trend from June 2022SMRTG's trend fron July 2022 acted as a support for it in the last week.
It's a decent growth company that is, well, a bit overpriced in terms of the fundamental ratios as of now.
However, i think we will see a price movement towards 93 TL from here. The strategy is simple.
- Each time it touches the blue trend line, I'm a buyer,
- Each time it touches the red rectangle at the top, i'm a seller.
DEVA at the bottom of its channel in loggraphDEVA hit its bottom of the channel the last Tuesday. So this analysis is 3 days too late to be honest.
However, it is still looking great and the Risk Profit Ratio is pretty decent still.
Under 35.00 TL is risky, but other than that, I would accumulate DEVA in the upcoming week. There is a chance that it will re-try the bottom of the channel and get its confirmation around 38.00 TL which I would not miss for sure.
The fundamentals are strong and there's no strong reason why it would go down 47% from its peak.
