xbank trade =?possible upside moment to FVG area, supported by previous local dips.
buy 12830-12800
sell 13200-13300
stop 12640
XBANK trade ideas
potantial movement with Divergance & FVGlatest movements indicates RSI divergence with avg. RSI marking playing a role as resistance too. a fair value gap is can be seen below 10%. possible down movement to the line was latest trend's resistance and would be a good support zone with FVG area & 100 EMA.
not a financal advice, experimental and educational content.
Nightmare before Christmas for Turkish Banks (Stocks)The price has broken below the triangle support line. It seems to be early for a long position. Support and resistance zones are on the chart.
XBANK Up or Down?I follow these Fibo levels with BIST:XBANK
looks like it is working perfectly until now. there are two critical levels to secure continuing uptrend. 50day MA is working well as a support and resistance. In case the index flexes below 50day MA, Fibo 0.618 looks like a proper support level. I would expect the move to be on the uptrend side as long as 3358 support is not broken. If both levels are broken, it will be better to wait for a new bottom pattern instead of guessing where it is going to bounce back.
Cycles of the Turkish EconomyIn the traditional Turkish calendar, there are only 2 zodiac animals. Next year seems to be bull.
XBANK IS LOOKING GOOD, LOOKING REAL GOOD. XBANK "the banking index" is the vanguard of Turkish Stock Market and there seems to be good news according to some technical analysis rules. Additionally, Inflation rate in the country seems to be at the highest or just below the highest level that the country could ever reach.- which is one of the best finanical indicator for XBANK according to my past experience (XBANK reaches the lowest level at the highest inflation level most of the time) . Therefore this could be the last chance for a LONG for Turkish Stock Market...
However, I should remind you of that the pioneer of XBANK "GARAN". GARAN is spinning just below a down trend line and it needs attention. A good break out of GARAN will boost the LONG in whole market.
Please keep in mind that i am not an economist nor a professional trader; i can't give you a concrete advice and i might be mistaken. I just wanted you to pay attention to a "possible" break out
Well, there are good things as well as bad thingsWell, there are good things as well as bad things. Better keep an eye on the stop loss level.
XBANK Contradiction between Price and MomentumXBANK closed below 1365 (EMA250D). We need to see two more closing below 1365 to say its broken. Momentum contradicts and RSI is at oversold. What does all mean? There is still good chance that XBANK will keep above 1365. And if it does we’ll talk about trade. Keep calm.
XBANK EMA-250D @ 1365Another way to look XBANK support is EMA-250D, which is 1365. Why should that work? Because we are at month closing. Like january XBANK may be oversold for 2-3 days. Thats a possible option as well.
XBANK 1265 SupportI don’t trade XBANK anyway I cannot forget that its very strong indicator for XU030. We may talk about head and shoulders formation etc. Not the time. Question : where is the support? My answer is 1265. Now days to stay calm !!!
XBANK ExpectationXBANK seems to extend the 3rd wave.. Targets are on the graph.
Not an investment advice..
Inverted Hammer at the Support Line This may trigger a reversalInverted Hammer at the Support Line This may trigger a reversal
Bearish BAT, not perfect, but i have never seen a perfect oneBearish BAT, not perfect, but i have never seen a perfect one
XBANK and almost all of the top Bank stocks have the flag After the interest decision of TCMB a huge decrease occured including banks. and they're getting back where they are. I hope this flag works.. :)
#xbank banka endeksi Kırmızı destek üzerinde kalması önemli. Takip edeceğimiz önemli nokta. Altında dikkatli olunmali. Ters flama durumu olası. Ytd.
Are Turkish Banks creating opportunities? (XBANK.IS) In dollar terms, the Turkish Banking Index is in a long-term squeeze.
With the new works that started to arrive, albeit late, after the Lira's compression, we can see that the index can throw itself back to the upper band at the end of 2020 and at the beginning of 2021.
The estimated return on a rise up to horizontal resistance will also be over 200%...
Only personal opinions and ideas. Does not Include Legal Investment advice...
