#GARAN Share Analysis by MyNameisMoney 10.08.2020

GARAN this is the first time I'm sharing share analysis. (GUARANTY BANK OF TURKEY A.Ş.) I had never looked at this stock before. I look at it as a light for those who are hesitant.

Now that you know me, we will perform our analysis with daily candlestick charts, as momentary ups and downs do not concern us.

While the stock continued its movement in a rising channel, it started its downward movement by hitting the resistance in the upper band of the channel. It is currently trading in the lower band of the same channel.

What needs to be considered is whether the movement hanging below this channel is a trap or not, there is a new formation formed in this stock, which is a retracement with the index.

The targets of this harmonic structure, which I painted in yellow for GARAN share analysis, are shown on the chart with the same colored price bubbles. RSI is analyzed with the issue of this harmonic structure being a "bull" turn. RSI is also raising its head upwards in the same way.

Upward rises for GARAN share analysis will also be very positive for #bist100. Let's watch and see.

Caution The point is that there are downward pullbacks, which are indicated by red price bubbles with strong resistances. For medium and long term thinkers, there is the "Kingdom of the Patient Dervish" target.

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 have provided here are for educational purposes. does not contain investment advice. You may incur losses in your transactions. This notification is a legal obligation.

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