Could be a Turning point for #SODA #XU100Could be a turning point for #SODA and upcoming bullish trend.
Bist100
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.
Could It Be a Fake Break?It breaks up trend down at 3.79 and couldn't come back for 3 hours. There is a possibility of fake break. Lets see how it react yesterday!