Has the decline in BIST100 ended?
The 12,900 level that was holding since March has been broken.
I don’t expect a lasting breakout unless it holds above 12,900; if it doesn’t, it may look for support down to 11,800.
In the short term, I will be watching 11,600–11,400 as the reaction zone.
Banks held up relatively well; BIST100 may look cheap. The “cheapness” isn’t due to lack of profit but due to a risk premium.
This is my own opinion, not advice. #BIST100 #Borsa
If the full video is attached in the chart, you can watch it from the link...
https://t.co/8V76f5FS0E
The 12,900 level that was holding since March has been broken.
I don’t expect a lasting breakout unless it holds above 12,900; if it doesn’t, it may look for support down to 11,800.
In the short term, I will be watching 11,600–11,400 as the reaction zone.
Banks held up relatively well; BIST100 may look cheap. The “cheapness” isn’t due to lack of profit but due to a risk premium.
This is my own opinion, not advice. #BIST100 #Borsa
If the full video is attached in the chart, you can watch it from the link...
https://t.co/8V76f5FS0E
