#RYGYO Share Technical Analysis by MyNameisMoney 14.06.2020

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™'

I am sharing the analysis on #RYGYO for the first time. I am looking at a request from one of my followers. This share has hurt a lot in its time and scared the small investor, so I normally do not look at such shares in principle. Since it is very insistent, let's examine together what is happening in this stock.

Let's start with the harmonic structure in yellow tone. Its targets are shown on the chart in the same tone. I will not write the phrase "kingdom of patient dervish" on this stock 🙂 If you remember, the fibonacci of this structure corresponds to 1.618, which corresponds to 16.60 TL.

I also plotted the first target of the turquoise harmonic structure on the chart. Since the other targets are around the yellow harmonic, I did not show the next targets in order to avoid chart confusion. The point we should pay attention to here is that downward corrections follow after this pattern.

Likewise, the blue-toned harmonic structure will also want to give downward pressure once it is completed.

Hard candle exits above the green triangle are important for the realization of the above two possibilities. It is necessary to follow it well. Otherwise; as the last scenario; it is the possibility of pullbacks that some do not want and some see as an opportunity. The fibonacci support points you see on the chart should be followed. I have shown these price points with red price bubbles.

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.