Possible Upward Move Target for BIST:VESTL by sharesedy — NewsOfFinance


On VESTL, price is moving within the ascending triangle towards the 35.34 Fib 0.786 level.

The ascending trend lines have formed a solid support zone.

Net profit in the last balance sheet period is 1,260,325,000 TRY.

White When I consider the export costs of goods and television products and the resulting price increases, I expect a nearly 100% increase in the company’s turnover this year compared to last year.
VESTL It is one of the locomotive stocks and, in my opinion, lagged far behind the index. For the sake of better understanding of this thought, I will explain the levels of the Fib Retracement. base I also showed it on the BIST100 chart below. Meanwhile, the index is rapidly moving towards the 3508.00 level at Fib 2.618. I’ve included my opinion about it below.

Again, I have explained my positive determinations regarding technical indicators in the charts below.

In conclusion, considering the Fib Retracement levels, I expect a 200% rise in VESTL in the medium-long term. “My Target = 4.236 Fib”

I wish it to be useful and profitable.
Please guide your investment decisions yourself.
It is not investment advice.

Everything you get your heart desires.

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Please abide by the House Rules!

Soruce : https://tr.tradingview.com/chart/VESTL/3n5iEEW3/

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