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
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
Trade closed: target reached