BAYRK Share Analysis by MyNameisMoney 08.03.2021

BAYRK share analysis (Bayrak Ebt Sole Industry)Again, at the request of my valuable followers, it is an example of a chart that we are working to reinforce the trainings we provide in terms of the situation evaluation of the shares that are in hesitation. If you also want to get training Twitter You can make your application by sending a DM via DM.

My request to you is that you consider this analysis as part of a complete education and keep in mind that, as in all my other analyses, BAYRK share analysis is analyzed excluding all fundamental analysis-based dynamics. I am not remotely interested in the stock itself.

The first thing that attracts our attention for BAYRK share analysis is that the stock is in an uptrend and the question of whether it will continue its oscillation within this trend or whether it will be a trend violation.

While evaluating the possibility of a movement that completes its 3-way movement to realize the price target shown in turquoise, the recently formed formation gives us some warning. Although I remind again the motto "no frost on the unborn baby" because it is a phrase I generally use, we see an OBO, that is, a shoulder head shoulder pattern very close to the completion of its formation. If it wants to test the targets of this pattern, our ideas about the first mentioned uptrend will lose their value. In such cases, our eyes will be on the RSI and the trend line I have drawn there.

The stock is now at an important fibonacci level, so we will watch and see if it will take this as support. Important support and resistance points are also indicated on the chart.

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 "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. In addition, the mentioned training is available free of charge both on the site and on Youtube channel is now available on the website.

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