XU100
XU100- Possible Reverse Head&ShouldersTurkish stock index BIST 100 seems like forming a reverse head and shoulders formation.
Target of this formation is first 88.500 which is the height of shoulder, and than 86.000 which is the height of head.
After completing this move, a great opportunity is to buy this index because prior to this correction, prices were around 120.000. For the last 20 years annual increase rate of this index is around 24%
XU100 BIST100 Head&Shoulders FormationWe can see the head&Shoulder formation hapenning on Turkish Index 100 (Bist100).
Targets of this formation is;
- 99840 and than 99110 relatively.
Increase in the USD/TRY ratio is approving this formation.
Xu100, bist100Kisa vade on gorumuz siyah yuvarlak icindeki destekler calismassa bir muhdet beklemede kalmak mantikli .
Tomorrow BIST100 may bounce back from support Downtrend line started in July 30th (orange) is still working neatly. Second time value touched to orange resistance on August 8th, steep downfall has been started. Now 96069 is a very important support. I think that support will stand still against the fall and bounce the value upwards. Tomorrow we can see just a little bit more downmove and than a steep move to 97000’s. Even it may break the resistance and go to 97790 - 98990 channel.
For the timing of buying and playing long, we can watch the RSI to break the downtrend line and watch the moving average line will pass thorough bollinger middle band. That would be the right time to go in. Of course we have to put our stop loss on just below the 96069 support line.
Good luck!
BIST 100 Buy Opportunity for short termWhen we look at the Bist100 index's hourly watches, the decline that started on July 27 seems to have gradually turned towards a horizontal course.
As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August 29 was broken as of today. Similarly, Moving Average seems to have broken the Bollinger middle band upwards. The RSI side also supports output.
Here, the price can throw itself into a new channel (99243 - 99937) by breaking the resistance of 99243. If 99243 is broken, there may be a buying opportunity.
However, it is also necessary to pay attention to the corrections that may take the value back under the green fall band in a possible correction.
Good luck everybody
XU100, Profit Taking Takes Investors to USDThe rhetoric in XU100 is irrespective of valuations in the last week or so.
Turkish investors have been taking profits and allocating towards USD. This is totally a psychological issue, locals see the USDTRL as an actual investment vehicle, rather than a currency pair. This week the USDTRL pair saw lows of 5.50, this insinuated a sell signal for stock (along with some savings accounts).
Currently, locals prefer a long USDTRL position over holding common stock.
Hence there could be a downtrend in XU100 in th short-term due to this phenomenon.
Could be a Turning point for #SODA #XU100Could be a turning point for #SODA and upcoming bullish trend.
WHY TO GO LONG WITH SAMATLong from : 1.15
Stoploss: 1.09
TP1: 1.34
TP2: 1.66
Risk per share: 0.06 cent
Potential profit per share:0.20 cent
ROI: 3.33 (strong)
Volume has an upward trend formation and above the resistance level.
WHY TO GO LONG WITH BERAPotential SHS pattarrn, with flag pattern formation. Volume is above the resistance level and mov3 + mov10 above the reference level.
Target-1: 2.05 (20 cents per share reward) ROI-1: 3.8
Target-2:2.25 (40 cents per share reward) ROI-2: 6.5
Stop: 1.80 (6 cents per share risk)
WHY TO GO LONG WITH AVTUR?Most of the Trend, Volume indicators above the reference and above their moving average level.
Target-1: 1.30
Target-2: 1.44
Target-3: 1.68
StopLoss: 1.13
Risk per share: 0.05 cents
Min Potential award: 0.15 cents
ROI: 3.00 (strong)
WHY TO GO LONG WITH OYLUM?`Stock price plunged from 3.00 to 1.00 range. The critical reference level is 1.12, stock price pushed back from this level 9 times. Price movement created SHS pattern, symmetry triangle. This pattern continuation means that after the breakdown of the key reference level prices might react aggressive. Indicators have positive divergence form and volume indicators are above the resistance level.
WHY TO GO LONG WITH BRISATechnical indicators have positive divergence, above the moving averages and above the reference levels. Target-1: 6.03 , Target-2: 6.33 and the Stoploss: 5.53.
Potential Profit per share: 0.27
Potential Loss per share: 0.23
ROI: 1.2 (neutral) (roi is calculated based on Target-1)
Gold Starting Bullish AgainGood morning traders... As you see on the chart H4 above, this commodity will be rise again, invalidation if the last low price break...
Waiting for the support level for XU100 Plunge on Turkish stock market has not stopped yet. The potential reversal point 81.*** - 80.*** range. Those levels potentially can be considered as a trend support level!
