HEKTS/USDTRYHow much more down this big fella can go anymore? The market will decide.
*Not an investment advice.
HEKTS trade ideas
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.
#HEKTS #BISTThere is a positive divergence on #HEKTS daily rsi. It can be good long oppurtunity with a close stop-loss. the position also has a risk depending the #BIST100 (xu100) index. So do not open any position without stop-loss.
HEKTS - Breaking The Falling ScenarioHEKTS - Breaking The Falling Scenario
HEKTS
If It Can Close The Day Above 25.84, It Will Break The Falling Scenario.
Formal Appearances Are Close To Completion.
Trade Is Suitable.
Signal Zone:
25.00 - 25.84 Price Range
Target Zone:
32.58
45.20
Stop Loss:
Day Close Below 23.70
HEKTS - Breaking The Falling ScenarioHEKTS - Breaking The Falling Scenario
HEKTS
If It Can Close The Day Above 25.84, It Will Break The Falling Scenario.
Formal Appearances Are Close To Completion.
Trade Is Suitable.
Signal Zone:
25.00 - 25.84 Price Range
Target Zone:
32.58
45.20
Stop Loss:
Day Close Below 23.70
Hektas Critical DowntrendRunning to the level of 27 lira, Hektas reached the downtrend.
If it breaks this trend level, Hektas will encounter resistance at the level of 30 liras.
A rejection from the resistance would also be a downtrend retest. Therefore, in a run that will come again, 30 lira resistance can be broken.
HEKTS perfect EMA 40As soon as price crosses or move under EMA 40, it seems buyers react harsh. Both patterns are EMA 40 should be followed by the HEKTS investors.
Hekts eğitim amaçlıdırBurada yer alan bilgiler yatırım tavsiyesi değildir kendime nottur. Teknik analizi iyi bilmem sadece eğitim amaçlıdır...
Hekts has been on the support level, getting ready to rise#Hekts - Long - has been on the support level of 14.25 at least for the last 4-5 days. It is just a matter of time before it takes off! Hektas
HEKTAŞmor direnci aşabilirse hedefi mavi direnç seviyesi olur. sonrası zaten güzellik. yatırım tavsiyesi değildir.
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.
respecting rulesHektas is ideal for impulse and correction kind of trading
flag pole length of impulses
