BIST 100 needs a deeper rest to before its next flight
Turkey stock market is in a strong bull trend since March 23,2020,charts say that this trend will be continuous. but any healthy trend needs enough correction after any big wave .
as my vision to BIST100, I expect 2 scenarios :
1- BIST will drop down 7%to 15% and start its new bull movement from bottom of its channel.
2- BIST will make an squeeze pattern between 1800 to 2000 and after a period it will break mentioned pattern.
anyway, I will stay out.
in this moment cash is King.
as my vision to BIST100, I expect 2 scenarios :
1- BIST will drop down 7%to 15% and start its new bull movement from bottom of its channel.
2- BIST will make an squeeze pattern between 1800 to 2000 and after a period it will break mentioned pattern.
anyway, I will stay out.
in this moment cash is King.
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