#TSKB Share Technical Analysis by MyNameisMoney 06.07.2020

#TSKB I have never looked at this stock before. I am looking at it on a request from my followers. In this way, there will be diversity and there may be an opportunity for us to identify different charts.

Since we are not interested in instant ups and downs, we do our analysis with daily candlestick charts. The first thing that draws attention is that it has been in a parallel channel since 2012. on an upward trend that has a look to it.

Since 2018, it has created "cup handle formation" as a target point for us 1.93 TL 's pointing to.

According to the harmonic structure I painted with yellow color 0.90 TLgave an incredibly good buying opportunity. I hope the charts are easier to understand now that you are used to my previous analysis. The chart targets of the yellow structure are shown with the same colored price bubbles. 1.07 TL is the first realized target of this structure (fibo 0.382). 2nd target (fibo 0,618) 1.20 TL If you had bought at 0.90 TL, you would have already made a profit of 32,96%. This structure is normally "the kingdom of the patient dervish" target coinciding with the fibo point 1,618 1.75 TL has a goal. But there is one very important point green apartment with

The green circle is here both because it is approaching the upper band of the 2012 uptrend and the upper edge of the yellow triangle zone. resistance as the most important resistance. If it breaks this resistance, it will try to test its upside targets in order. Otherwise from here downward direction There is a possibility that this time, new support may start a journey to the lower edge of the triangle. (0.99 TL) In both cases, it is thought to be able to maintain its long-term targets. (1.72 TL)

When you compare the recent performance of the stock with the #bist100 index, it has moved very parallel. It is observed that the fact that the banking index is lagging behind may allow for a more performant rise in possible index recoveries. Therefore, with a new term "ultra-patient dervish kingdom" 🙂 The index is very important. When determining your strategy, it is very important to think endex-oriented in such stocks.

Remember, if there was a continuously rising pricing, nobody would lose. Use my analysis to develop strategy and learn technical analysis.

Important note If you are going to invest 1000 shares, make it a habit not to buy x shares at one price. Fragmented buying is important to keep the cost down. You will not miss the opportunities of possible pullbacks. Think about your investment at least in the medium term, not instantaneously. Take your time, remember our most important motto is "patience".

Time is our most precious asset. Therefore, I contributed to you by taking my time. If you do not withhold your shares and likes in return for this effort, you will help me keep my motivation for the next time.

Thank you

Final Note: All the details I provide here are for educational purposes and do not contain investment advice. You may make a loss in your transactions. This notification is a legal obligation.

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