EREGL Weekly
EREGLI IRON STEEL BIST:EREGL
It was necessary to update the Eregli analysis. The period is weekly as you can see. As a technical view, there is a double top view on the week, in fact, we see that the retracement and decline after the first top has been approved. The weekly trend has not been broken down yet, but looking at the global markets, it seems likely. We made a daily close below the 29.38 level, which is the Fibo 23% weekly support, and tomorrow, on the last day of the week, a weekly closing below this level can test the weekly trend break and the fibonacci 38% level, 24.86. Be careful.