#KRDMA Share Analysis by MyNameisMoney 04.01.2021

KRDMA share analysis (KARDEMİR KARABÜK DEMİR ÇELİK SANAYİ VE TİCARET A.Ş), again prepared based on questions from my valuable followers.

KRDMA share analysis has been moving in an ascending channel on the daily chart since the beginning of 2020. What should be noted on this chart is the reactions that the stock will make when it approaches the lower and upper bands of the channel, and at the same time, we may be getting the same reactions in the middle band of the channel.

Although the mustard-colored harmonic structure maintains its target above us (7.95 TL), possible bearish tendencies outweigh after a move towards the turquoise harmonic bearish harmonic. The fibonacci resistance around 6.15 TL will be the trigger point whether this pattern will be realized or not. If this pattern materializes, these targets are marked on the chart with red price tags. Apart from the natural movement of the stock, a correction that may occur with the index at the same time, a retracement towards the 4.35 TL band below should always be kept among the notes. While these points are the end of the world for some, they are investment opportunities for others.

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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