U.S Dollar Based THYAO : LongWhen we look at the stock of Turkish Airlines (THYAO) on an US American Dollar based, we see that we are just above the support.
The stock has not been able to participate in the rally on the Turkish stock exchange for several weeks.
Today's U.S Dollar / Turkish Lira rate of sharp decline and the acceleration of the decline in Brent Crude Oil, I think we will make a nice opening and can head towards the target.
The analysis contains a valuable risk / reward ratio and may be less risky in the following parameters:
Risk/Reward Ratio : 1/ 2.5
Position Size : < %20 of Stock Portfolio and %1-%2 for Futures
Stop-Loss : 2.19
Target : 2.54
Regards.
