it seems that last days to give a decision bear or bull? today was a very volatile day, first ever circuit cut since 01-Nov-2023 / biggest candle since 06-feb-2024
summary of day:
max:+1.84% min: +6.07% close:-4.51%
Last 20mins ~+%1.5 (bulls are not dead yet)
- but two consecutive red closings below uptrend so we have to be cautious for long positions
(i will give a chance 16 hours to return black uptrend - (4 more 4h candles)
i am still bullish over 19.80TL (at least 16 hours)
Book value: 22.254TL
current: Book/sh: 0.92 (@ All time lows) - no negative news publicly disclosed for these ratios. So these days may be a big opportunity for long term PETKM investors to collect shares
Trade aktif
we saw a perfect bear trap, PETKM has turned to its black uptrend now it is time to test if this is a new uptrend with a better angle (black uptrend has 25°C trend angle) Last six greend candle has 65°C trend angle ) [+%7 for 6candlesx4h] now we have to pass 21.90-22.30TL resistance for a start of a new uptrend start
Trading ditutup: target tercapai
TP: short term positions @22.74TL (for leveraged positions) prices may squeeze over 22.30TL resistance for a while. Long term positions may be carried
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