#IHGZT Share Technical Analysis by MyNameisMoney 09.06.2020

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 #IHGZT. 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 trend reversal signals with the purple harmonic pattern formed here. It even touched its first target of 4.39 liras. Here, it is necessary to wait for the price to settle above 4.39 in order to become more confident that the trend has turned. Otherwise, since this point is also the resistance of the bearish channel, it is very possible to take a downward direction again.

Of course, the lower part of the yellow triangle is a serious resistance point to prevent the channel from going to the support point corresponding to TL 1.88 prices. So 3.58 TL. If it does not test and break here, it could theoretically be a good buying point.

Is there a point that attracts your attention about our "Kingdom of the Patient Dervish" point? If not, so be it 🙂 Hodja, usually fibonacci 1.618 was taken as a target, if you ask why we didn't take it now, the answer is the white-toned harmonic structure. As you know, it is the harbinger of a bear move. Our goal is to engineer and minimize risks.

As far as I read from the comments from time to time, it is a share that is eaten by telegram groups. If you determine your strategy before trading as I have described, you can protect yourself from these scammers.

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.

Remember, if there was a continuously rising pricing, nobody would lose.

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.