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Waiting for the trade triangle analysis to form.Upon reaching the resistance of the trade triangle a short play could be possible which could catch around 100 pips. Upon reaching near the 0.75 of fib time zone a break out from the trade triangle is possible which could be long due to the fundamental strength of the company. Fundamentally the company is doing great with its revenue growth every year as it has managed to grow drastically over the last 3 years. Fundamentally the company is expected to grow even more as their stock price have gone up since march 2020.
BIST:ASELS
by sarathkochu
Turkish Stock VKING Technical Analysis VKING stock has a good fundamental background and the owner is one of the richest families in Turkey. The company produces paper, mainly kitchen papers and paper towels which has good sell potential in the time of pandemia. Technical analysis shows a fine bullish trend starting from march. The main support and resistance areas which are now being active are 5 and 7.50 and 6.25 is a minor critical area. 6.25 is now a consolidation are and kind of a support for this stock but there is also a fibo retracement level which might be a good buy point the 0.618 retracement level (5.78) and that might also be a test for the trend line and a good support for the bullish move to continue its movement in the following weeks and in the long run may test the 10 lira resistance.
BIST:VKINGLong
by alicanuz
2