HOW LONG DOES THE INDEX GO?
BIST 100 BIST:XU100
The current view on the monthly log chart of the BIST100 index suggests that we can test the logarithmic channel resistance above the 6200 – 6400 band in the coming period. In this context, $315 (5700 level) on the dollar chart may also appear as a resistance. MACD is overbought and a new historical high has been added to RSI; Images started to appear as if both the leading boards and the index needed monthly corrections. However, with the effect of this inflation and the upcoming election, I am one of those who think that the medium-term XU100 trend will continue to be positive. If there is a rally, the indicators make these swellings, misleading us; If purchases continue, prices will continue to move up. By using stops, seeing possible corrections as an opportunity; spending years of high inflation in investment positions I think it is the best option. For those whose costs are below; If a serious sales wave does not occur, profitability can be maintained. I am following.
It is not a BUY, SELL, HOLD recommendation. Does not include investment advice. It is for educational purposes. It is for tracking purposes.