As can be seen in the snapshot. It is clear that UCYMA indicator is working accurately with XU100. Albeit it's components look very simple, simplicity is the key. It uses several filters of Moving Averages depending on Linear Regression, Kaufman Adaptive's and Hull concept.
This is a Long-Only, spot, stock swing trade indicator and you're witnessing it's Long...
It's kinda easy to spot the divergence on Rsi, which may lead to the prices going down a bit. However, I'm still bullish in the long term.
*Not an investment advice.
not enough buyers, and low volume indicates that if a major resistance stumbles on its way, the bears may want to sell. In USD chart the resistance will occur around USD324.
This price is also a resistance level in TRY chart in latest trend.
not a financal advice, experimental and educational content.
BIST:XU100 is in downtrend, until 26 April 2024 @ 261 USD, and it mostly likely to stay calm and extend until 3rd of May when S&P will announce the credit grade for Turkiye.
BIST100 (XU100) is in correction mode with a WXY correction. Expect to see a short term increase to form Y leg and then two targets are marked at the bottom side.
BIST 100 got rejected again to break $300 and is on a falling trajectory. The $260 support stands strong, however if it doesn't hold, it'll form the new top.
This chart is does not consititue financial advice.
Simply get out from the Turkish stock market on the next up...
All of the stocks on the market will have min %50-%70 correction.
Don't fall into the trap of manipulators. Unempleyement will go up . Companies will have to pay their depts... 💩 news are loading. Buckle up.
I will update the idea as it hit the bottom.
This is not a financial advice do your...
The Turkish Index of 100 aka BIST100 is experiencing an inflation powered bullish trend for the past 2 years. This is not going to be the end of it. In fact, this I believe, is the last and most powerful up-thrust of the index. My thoughts are that Turkey is experiencing a currency & stock market correlation to Argentinian crisis. Albeit the reasons are different,...
300 dollars is an important physchological resistance. If BIST:XU100 does not able to break, i marked the retrace zone. The situation is bullish now.
NOT FINANCIAL ADVICE.
BIST100 got a nice rally with the improved relations with US. There is a resistance for the short term at 8515 (Monthly second pivotal resistance level). RSI is also showing a bearish divergence. The index may want to test the previously broken channel. Then, with the election environment and the positive relations with US and NATO, we may see the continuation of...
I think the trend will be downward for the next three months. Even though the main expectation is MA200 on the daily chart, I foresee a further decline both in terms of Fibo value and dollar basis.
Current correction from 03 Oct high till today, forms an abc (5-3-5) wave ending with two probable ending points. Expect to see a returning point between those two lines.
Turkiye's struggle to stabilize never seems to end. A tale of chaotic, non-orderly zigzag, ebbs and flows of poor budget management, high diplomacy lacking principles, eager to host refugees and give humanitarian aid, yet at huge costs of social imbalances within. Development, but in what form ? Democracy, but always shot from behind and degraded. Idiosyncracies...
BIST100 is locked and loaded for a historical rally. This year, the index of 100 stocks of Turkey will outperform even in USD basis for the first time in decades. The mechanics of this is very complicated but can be summarized by jeopolitical structure. This is a 18 months lagging Argentinian IMV exchange in short words. Turkish Lira is NOT as weak as Argentinian...
