BIST 100 Breaks Out of Its Downtrend
Why Haven’t Stocks Recovered Yet?
BIST 100 rose 4.75 percent last week, closing Friday at 11,482.60 points.
The 7-WEEK downtrend gave way to a rise this week.
But when we look at our stock portfolio, we don’t see the same recovery. I don’t think the problem is with us.
The index has started to recover, but most stocks haven’t yet.
Based on my analysis, my expectation is that BIST 100 has broken the downtrend that began on September 10.
Our first resistance area is 11,800, and our target is 12,500. To get there, it needs to rise 9%.
Why Haven’t Stocks Recovered Yet?
BIST 100 rose 4.75 percent last week, closing Friday at 11,482.60 points.
The 7-WEEK downtrend gave way to a rise this week.
But when we look at our stock portfolio, we don’t see the same recovery. I don’t think the problem is with us.
The index has started to recover, but most stocks haven’t yet.
Based on my analysis, my expectation is that BIST 100 has broken the downtrend that began on September 10.
Our first resistance area is 11,800, and our target is 12,500. To get there, it needs to rise 9%.