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GEDYH DCA - Cup and Handle Company: Gedik Yatirim Menkul Degerler Ticker: GEDYH Exchange: BIST Sector: Financials Introduction: Welcome to our weekly technical analysis, where today we're focusing on Gedik Yatirim Menkul Degerler (GEDYH), listed on the BIST in the Financials sector. The weekly chart showcases a Cup and Handle formation, suggesting a bullish continuation. Cup and Handle Pattern: A Cup and Handle pattern is a bullish continuation pattern that marks a period of consolidation followed by a breakout. It's characterized by a "cup" - a round, bowl-like pattern, and a "handle" - a small bearish channel or consolidation, following which a breakout occurs. Analysis: GEDYH's chart demonstrates a clear Cup and Handle formation over the course of 833 days. This pattern often indicates a bullish continuation, signaling potential for growth. The price is convincingly above the 200 EMA, further emphasizing the bullish environment and a preference for long setups. The horizontal resistance is established at 8.23 TRY. If we witness a breakout above this level, we could potentially initiate a long position. The price target, following a successful breakout, is set at 12.78 TRY, representing an estimated gain of approximately 55.83%. Conclusion: GEDYH's weekly chart presents an interesting Cup and Handle formation, suggesting a potential bullish continuation. This analysis should be part of a comprehensive market research and risk management strategy. Please note, this is not financial advice and investing always carries risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
BIST:GEDIK
by KarimSubhieh
GARAN DCA - Ascending TriangleCompany: Turkiye Garanti Bankasi Ticker: GARAN Exchange: BIST Sector: Financials Introduction: Welcome to our daily technical analysis, focusing today on Turkiye Garanti Bankasi (GARAN), a leading player in the Financials sector, listed on the BIST. Ascending Triangle Pattern: This Ascending Triangle pattern forms during an uptrend and is viewed as a bullish continuation pattern. It's characterized by a horizontal resistance line (formed by equal highs) and an ascending trend line (formed by increasing lows), illustrating the rising bullish sentiment. Analysis: Garanti Bankasi's chart is displaying a clear Ascending Triangle pattern. The upper horizontal boundary sits at 31.80 TRY, with three points of contact—the third being a false breakout which underscores the importance of stop losses. The lower, upward-sloping boundary also has three touch points. Moreover, the 200 EMA is acting as robust support, suggesting a bullish environment and favoring long setups. Given these factors, we're keeping a keen eye on this chart for a potential breakout above the horizontal resistance. A breakout could present an opportunity for a long position. The price target, assuming a successful breakout, is set at 45.60 TRY, implying a potential gain of approximately 43.50%. Conclusion: Garanti Bankasi's daily chart presents an interesting setup in the form of an Ascending Triangle, indicative of a potential bullish continuation. This analysis should form part of a broader market research and risk management strategy. Remember, this is not financial advice and investing always carries risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
BIST:GARAN
by KarimSubhieh
DEVA at the bottom of its channel in loggraphDEVA hit its bottom of the channel the last Tuesday. So this analysis is 3 days too late to be honest. However, it is still looking great and the Risk Profit Ratio is pretty decent still. Under 35.00 TL is risky, but other than that, I would accumulate DEVA in the upcoming week. There is a chance that it will re-try the bottom of the channel and get its confirmation around 38.00 TL which I would not miss for sure. The fundamentals are strong and there's no strong reason why it would go down 47% from its peak.
BIST:DEVALong
by alicanb
PRDGS Very Likely At Its BottomPRDGS will probably start its bounce starting from Monday next week and possibly extend it with the announcement of the quarterly balance sheet. We can clearly see the 5 wave Elliot Wave and that the sellers are exhausted with the Weiss Wave Analysis, also a nice sign that the weekly closure was above the lower 1.618 fib line and depending on how the broad XU100 does this might probably be the end of a near 3 month downtrend. Be greedy when others are fearful and be fearful when others are greedy!
BIST:PRDGSLong
by Attrition