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. I
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 (form
SMRTG bounced from its trend from June 2022SMRTG's trend fron July 2022 acted as a support for it in the last week.
It's a decent growth company that is, well, a bit overpriced in terms of the fundamental ratios as of now.
However, i think we will see a price movement towards 93 TL from here. The strategy is simple.
- Each time it touches the blue trend line, I'm a buyer,
- Each time it touches the red rectangle at the top, i'm a seller.
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 dow
EREGL at the bottom of its channel in loggraph.I think it's time to accumulate EREGL as long as the price is between 33.00 - 36.00 TL. It is already oversold due to Arcelor Mittal batch-selling.
Two levels that are important are indicated in the chart, both of them are as a result of simple Price Action, and will most probably act as resistances.
FEF1! is not bad either, which will support EREGL's quarterly revenues for the upcoming months.
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 gree
a good pattern in a very bad market situationthis one in #borsaIstanbul is showing a nice pattern.
if you want not to be out of market for 100%. this one seems to be a reasonable risk.
below the 1st resistance (all time high) the RRR > 2.3 then you can sell or, shift your SL to buy point and continue























