CANTE for the symbol BIST:CANTE by Onursayilgan — NewsOfFinance


Hello friends,

Another stock I’m going to analyze tonight. CANTE will be,

As of 06.09.2022, this share closed at 80.50 price level,
MACD it is located under the safe zone and there is no intersection,
The volume is below average,
In the 4-hour, the negative directional indicator is above the positive directional indicator, but in the daily it is the opposite.
stochastic RSI According to , a diagonal intersection is about to occur in the log.
RSI or it is located at the bottom of the diary.
According to the WT indicator, it is in hourly BUY and in all other timeframes it is SAT.

In the light of this information, if we need to interpret our graph;
Normally, although I analyze charts that have or are close to breaking, in this stock, both Stochastic RSI either in preparation for take-off from the bottom, or RSI I wanted to share it because it caught my attention that it is at the bottom.
Provided that there is a stop in the closings below 77.20, we can talk about rises if the 81.00 figure is broken with volume along with the opening.
As long as this figure does not break in volume, it will continue to go back and forth between 77.00 – 81.00.
If 81.00 is broken with volume, 82.65 will be an important resistance.
Since the permanence over 82.65 will relieve the share, it is above 84.65 ( Search resistance ) – 86.00 – 86.85 ( Search resistance ) – 88.55 ( Search resistance ) – 91.50 – 95.35 fibo resistance levels should be followed.

It’s a personal warning
-The index, stock, commodity, etc. that I share here should not mean that I personally took a position.
-It is important that my posts should not be interpreted as buy-hold-sell advice in any way.
-Please trade according to your own risk appetite

Like the shares and follow the account is an important indicator for the continuation of the shares.
All the works I shared; all information, drawings, graphics and comments, notes I took for myself and/or essays on technical analysis, training notes.

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Soruce : https://tr.tradingview.com/chart/CANTE/iDC6H7rn/

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