#Bilici investment weekly chart analysis for the symbol BIST:BLCYT by ErcanMrk #garan #eregl #kozal — NewsOfFinance

I think it takes real professionalism to manage the psychology of short-term price movements, and that’s why I usually both prefer and recommend looking at the charts on a weekly time frame.
When we look at the weekly chart of Bilici Investment, we see a pennant formation that started to form at the price level of 4.66 in February 2021, peaked at the level of 17.56 lira, and entered the correction process since August 2021. It reminds us that the upward movements that will activate the pennant formation have started. persuasion The signs that can be seen will be the breaking of the resistance formed by the AlfaTrend indicator at the levels of 12.18 lira, respectively, the breaking of the yellow falling line up and finally the breaking up of the upper band forming the pennant. The formation target will be numbers of 30s. We should have a stop loss point around 10.87, which forms the lower band of the pennant.
Soruce : https://tr.tradingview.com/chart/BLCYT/mpQ6etAx/

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