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Aykut_Celikkol

ASELS CLOSE TO BREAKOUT

Long
ASELSAN (BIST:ASELS)  
Aykut_Celikkol Updated   
BIST:ASELS   ASELSAN
Trend Analysis Fibonacci Triangle ASELS fibo
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trendanalysis fibonacci triangle asels fibo
Fibo 1.618 is the main resistance for ASELS
I expect ASELS breaks descending trend line and Fibo 1.618 with the same strong candle to start journey to Fibo 2.618 (40 TL)
Position should be placed ater the daily breakout!
Comment:
Over a short period of time, target of 40TL has been achieved. We can target the next fibonacci, 47TL, by setting our trailing stop loss at 40TL for a daily close. Current momentum is very strong.
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