From You. #AYGAZ
AYGAZ is currently around 272–276 TL. Looking at the chart, the price appears to have a pattern resembling a head-and-shoulders formation.
The price could come under pressure toward around 210 TL. This level is near both important past lows and the long-term rising trendline.
So, in the short term, a decline seems more likely.
It would be better not to rush into buying until the price clearly breaks above 276 TL and holds there.
Until 276 is broken, it’s too early to say that the price has turned upward.
The company is solid. It significantly increased its net profit in the first six months. Its debt is low; in fact, it has a net cash position. Its price-to-earnings ratio is also currently low, at around 6. In other words, the company is not in bad shape: it is profitable and has a strong balance sheet.
#AYGAZ
AYGAZ is currently around 272–276 TL. Looking at the chart, the price appears to have a pattern resembling a head-and-shoulders formation.
The price could come under pressure toward around 210 TL. This level is near both important past lows and the long-term rising trendline.
So, in the short term, a decline seems more likely.
It would be better not to rush into buying until the price clearly breaks above 276 TL and holds there.
Until 276 is broken, it’s too early to say that the price has turned upward.
The company is solid. It significantly increased its net profit in the first six months. Its debt is low; in fact, it has a net cash position. Its price-to-earnings ratio is also currently low, at around 6. In other words, the company is not in bad shape: it is profitable and has a strong balance sheet.
#AYGAZ
