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.
Bist100analizi
BIST possible scenario cast
As previously stated two analysis . First on 22 April
. The spill has been effective to 88,200 Level
And also after the spill , as we have stated with the run away gaps t the downside.
The second analysis of 12 JULY
Turkish manipulators, if necessary conditions are not strongly distrubed, have the tendency to close those gaps.
So expect to close 98,800 gap. Then a trial of 100.000
There will be a profit realization from 100.000 but ,most possibly these realizations will be short lived and the prices would head up. For a possible scenario of : creation of a huge head and shoulders formation.
The hypothesis to assume that prices will break 100.00 and go on depends mainly on the positive divergence of RSI and Momentum on daily and weekly basis.
which brings out the possibility of making of a huge H&S formation.
If this scenario holds, expect to see the right shoulder close to 110.000 levels.
As the analsysis is bullish , fundamentally BIST is weak so I am not issuing a long position here.
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