AEFES/TRY potential bull flag
TECHNICAL ANALYSIS
Bull flag might be forming in the 4 hour chart.
Volume has ben decreasing since entering the pattern.
MACD on the 1 hour chart might turn positive soon.
RSI on the 1 hour chart has a bullish divergence and a triangle pattern.
I expect a move in the next couple of days probably before 31 July.
AEFES is probably in an accumulation phase before going upwards again.
Target price is 385TRY if a breakout happens.
Traders need to be careful because the daily MACD is still in negative territories.
Watch out for potential breakouts from the pattern.
FUNDEMENTALS AND NEWS
AEFES will share its Q2 balance sheet on 8th of august. It is expected to be positive.
AEFES has factories in Russia. Ukraine and Russia might agree to a peace soon.
My view: POSITIVE
Disclaimer: This isn't financial advice.
Bull flag might be forming in the 4 hour chart.
Volume has ben decreasing since entering the pattern.
MACD on the 1 hour chart might turn positive soon.
RSI on the 1 hour chart has a bullish divergence and a triangle pattern.
I expect a move in the next couple of days probably before 31 July.
AEFES is probably in an accumulation phase before going upwards again.
Target price is 385TRY if a breakout happens.
Traders need to be careful because the daily MACD is still in negative territories.
Watch out for potential breakouts from the pattern.
FUNDEMENTALS AND NEWS
AEFES will share its Q2 balance sheet on 8th of august. It is expected to be positive.
AEFES has factories in Russia. Ukraine and Russia might agree to a peace soon.
My view: POSITIVE
Disclaimer: This isn't financial advice.
Note
FIX: Balance sheet will be released on 7th of August.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.