Has the decline in BIST100 ended?

The 12,900 level that had held since March has been broken.

I don’t expect a lasting upside move unless the level stays above 12,900; if it doesn’t, support may be sought up to 11,800.

In the short term, I will watch 11,600–11,400 as the reaction zone.

Banks held up relatively well; BIST100 may look cheap. The “cheapness” is not due to lack of profit, but due to the risk premium.

This is my own opinion, not investment advice. #BIST100 #Borsa

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