#EKGYO Share Technical Analysis by MyNameisMoney 15.06.2020

I thought it might be more practical to share here for those who have a hard time finding my analyses that I share on Twitter. At least if we don't like it, we can go back to the old order 🙂 ðŸ™'

This is the first time I am sharing the analysis on #EKGYO. I have never looked at this stock before. I am looking at it upon a request from one of my followers. In this way, there will be diversity and there may be an opportunity for us to identify different charts.

The first thing to look at is that the stock is moving in the channel within the downtrend. Investors, who usually make the mistake of swimming against the current, still try to invest according to this situation. This is not investment but gambling. In these cases, it is necessary to see confirmation that the trend has turned.

We started to receive the trend reversal signals with the turquoise colored harmonic pattern, although it seems difficult on the chart formed here. It even exceeded its first target of 1.49 liras. In order to become more confident that the trend is turning here, it must be in a movement above the trend channel I indicated with the green arrow. Otherwise, the price may first want to test the fibonacci support points that I have identified with red labels. Then it may oscillate to the bottom of the channel. Don't say it can't happen.

Is there something you noticed about our "Kingdom of the Patient Dervish" point? It should have been the price we usually give at the top. The answer is actually hidden in the sentence. The Dervish will always know how to be content. If the orange colored harmonic structure is realized, it is very likely to start a downward movement, as I explained in my previous analyzes. Our goal is to engineer and minimize risks.

The game changer here would be to follow the movements together with the index. This means the following. Although it starts a rising chart, it is necessary to be cautious for a possible bear pattern. Either profit is taken at these points. Or take a position after this movement.

Another point is that charts that extend like a pole are always stocks to watch out for. It is possible to see the same pole on the descent. It is useful to write this note in capital letters.

Finally, apart from the harmonics, you can also find the magenta colored price target that I observed as a double bottom in 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 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 can send your questions and suggestions here or on twitter.