CIMSA trade ideas
CIMSA 1D | The Green BoxCIMSA 1D | The Green Box
It seems that we’re going down a bit because of recent interest rates in Turkey and it can continue to pullback as I think during the election period. If the price will continue to rise up, it is important to be reclaimed the purple box above. If this happens, my first target can be the median line of the Pitchfork.
Chart Hi-Res link:
one a strong stock to be in your watch lista rectangle base in a 18% volatility range during a period of 15 weeks.
RS rate of 80% means this stock has been among the best 20% stocks of turkey stock market during last 12 months.(price behavior)
very healthy volume/price action.
break out of its base with a strong weekly candle and volume increasing.
Will the Elliot Triangle Wave Pattern Work for "$CIMSA" Again?What to-look for ?
Follow up the trend and seek for possible position entries.
Set that yellow triangle as your safety stop.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
CIMSA is ready to flight to 14.42 TLIf it can stay above 9.86TL weekly. Ready to flight to 14.42 TL
(it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opinions and comments contained in this material are not under the scope of investment advisory services)