Following weekly chart.
There are already fundamental problems in banking industry in Turkey, so this support the chart.
I got short signals from both 2 indicators.
TP 22.8. (around 16% gain)
SL 28.68 - Please wait for weekly close.
While all banks stock prices are rising, GARAN stands still due to the intense pressure at the 12.20 level. Obviously, BBVA, which wants to collect the shares, wants to keep the price below its buyback offer, 12.20. We know how such pressures will result from USDTRY. Almost all of the technical indicators are showing strongly BUY. But it is still at its historical...
Following weekly chart.
There is a clear cup and handle formation for Garanti and it's ready to break the resistance.
Possible scenario is break the resistance next week very powerful, then turn back to gap and then hit the target.
Tp 17.86
SL - I'll use 9.5 area as a SL and re-join.
Kendime not olarak paylaşıyorum, amatör, öürenmeye çalışan bir analizciyim.
Garan haftalık ve aylık bakıldığında çok düşük değerlerde, buralardan mal toplanabilir. Temel analiz göstergelerine göre de oldukça ucuz olan hisse, sert yukarı hareketler yapabilir. Buraya kadar geldikten sonra 5,95 lere sarkması olası, bence buralardan toplanmaya başlanılabilir. YTD.
Kapanışlar aşağı doğru giderken hacimde azalma var, bu da arzın zayıf olduğunu gösteriyor. 8.10 seviyesinde destek altında stopları almaya yönelik yay hareketinden sonra hacim artarak yükselişte. 8.70 olan geçmiş destek ve direnç seviyesine kadar gidecek gibi gözüküyor.
Tomorrow the CBRT is expected to lower rates at a considerable amount, which in return could boost banking higher. The equity has consolidated between 9.47-9.84 TRL for around the last week or so. Priorly, we saw GARAN shoot over a gap.
Could go both ways depending on the extent of the rate cut.
