by script BIST:YKSLN for YKSLN symbol


Rising Steel – We are on the daily chart.
With the last correction made towards the bull trend that started on February 25, 2022, it received a positive reaction from here. YKSLN As of yesterday, it managed to surpass EMA21.
At the same time, on 12 September, it was found to cross the resistance zone (10.20) again.

With these positive data, let’s touch on the points that can meet us as resistance in the upper regions.

The arrows on the chart show where the Fibonacci retracement levels are drawn from.
Although the graph is log fibonacci levels lin**** this is my own approach, You can choose a different strategy.

Based on these levels: Fib 1.618: 10.55
The break of fib1.618 may lead us to make predictions for the above GAP to be taken, which points to the 11.30 Region.

I have briefly summarized the support and resistance points on the chart.

Good luck.

Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided within the framework of investment consultancy agreement to be signed between brokerage houses, portfolio management companies, non-deposit banks and the customer. The comments and recommendations contained herein are based on the personal opinions of those commenting and recommending. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.

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