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Descending Broadening WedgeA descending broadening wedge is a bullish reversal pattern that is formed when a stock's price is contained within a downward sloping wedge, but the width of the wedge is expanding. This indicates that there is increasing buying pressure, even though the price is still falling. To confirm a descending broadening wedge, the price must break above the upper trendline of the wedge. Once the breakout has occurred, traders will typically enter a long trade with a stop loss placed below the lower trendline of the wedge. As you can see, the price of BIST:HEKTS has been contained within a downward sloping wedge since November 2022, but the width of the wedge has been expanding. This indicates that there is increasing buying pressure, even though the price is still falling. If the price of BIST:HEKTS breaks above the upper trendline (TRY29) of the wedge, it would be a bullish signal and could lead to a further advance in price. Traders who are bullish on BIST:HEKTS should look to place their stop losses below the lower trendline of the wedge. It is important to note that the potential descending broadening wedge pattern in HEKTS is not yet complete. The price needs to break above the upper trendline of the wedge to confirm the pattern. However, the pattern is worth watching, as it could be a sign that BIST:HEKTS is about to reverse its downtrend. Broadening wedges can be difficult to trade for a number of reasons: False breakouts: Broadening wedges are prone to false breakouts, which can occur when the price breaks out of the pattern but then quickly reverses back inside. False breakouts can be caused by a number of factors, such as market volatility, news events, and stop-loss hunting by other traders. Difficult to spot: Broadening wedges can be difficult to spot on a chart, especially for new traders. The pattern can be confused with other chart patterns, such as triangles and flags. Long time to develop: Broadening wedges can take a long time to develop, which can lead to frustration for traders who are trying to trade it. Traders may have to wait weeks or even months for the pattern to complete before they can enter a trade.
BIST:HEKTS
by aragornthegray
CANTE seems ready to break the channelThis one is one of the controversial stocks. It had a potential but the owner sold the company which brought a deep dive. For a while it has been bottoming. It seems ready to next push if BIST overall gets a reaction, which is highly possible since USDTRY is again in the up trend. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
BIST:CANTELong
by WhaleGambit
#NIBAS looks well accumulated for the next step#nibas has formed a falling channel and seems near to its local dip. A move up here expected if #xu100 index allows further moves for the market. Not financial advice. #nigdebeton dusen kanal olusturdu ve dip bulmayi hedefliyor. Buradan yukari bir trend donusu gelmesi olasidir tabi ancak #bist100 endeksi buna izin verirse, nihayetinde #bist endeksi #usd bazinda double top ayi formasyonu olusturmustu. Bu yuzden dikkatli olmakta fayda. Yatirim tavsiyesi kesinlikle degildir, kendi kararlarinizi kendiniz veriniz.
BIST:NIBASLong
by naphyse
IHEVA-TURKISH STOCK MARKET - Being Prepared to Go!I don't have (& won't have) any lot of this stock now though seems all good to me. Financials really good enough! I don't fancy this company but honestly it might be the cheapest stock in terms of financial results and ratios in turkish market. it will not be a rocket departure that I'm assuming some groups hold this stock and manage as they want. If you already have this one so you should hold in my opinion. Good luck! *** Average Vol 90: 7.359M Average Vol 30: 12.647M Average Vol 10: 16.337M
BIST:IHEVALong
by BistTrader
IHEVA - USD BASEDI wish you good profit! Follow me! Thanks Important Notice - The index, stock, commodity, etc. I share here should not mean that I personally take a position. - It is important that my shares are not interpreted as buy-hold-sell advice in any way. -Please process according to your own risk appetite -You can send me a direct message for your financial, technical or training requests. - Liking the shares and following the account is an important indicator for the continuation of the shares. - All the works I have shared; all the information, drawings, graphics and comments, the notes I have taken for myself and / or my experiments on technical analysis , my training notes. Legal Notice Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service: It is offered within the framework of an investment consultancy agreement to be signed between brokerage houses, portfolio management companies, banks that do not accept deposits and the customer. The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations. Nevertheless, I cannot be held responsible for any direct and / or indirect damages, loss of profit, moral damages and damages that may be incurred by third parties, which may be incurred by investors as a result of the use of the information on the site and the resources used for the site
BIST:IHEVA
by BistTrader
#BRYAT is to retest for the move I highlighted the 2 possibilities of moving upwards. But I prefer to buy , when it succesfully retests THE LOWER PRICE on the chart. NOT FINANCIAL ADVICE. #bryat genel gorunumu guzel. Her iki olasi hareket bolgesini de grafikte belirttim. Ama daha iyi alim yeri grafikteki daha asagidaki fiyat bolgesidir, tabi eger basarili bir retest olursa. Eger retest basarisiz olursa senaryo iptal olur, fiyat tekrar daralan ucgenin dip kismindaki destek bolgesine teste gelir. Yatirim tavsiyesi degildir.
BIST:BRYAT
by naphyse