Noldo

U.S Dollar Based Borsa Istanbul 30 Index Futures can test Resist

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Although the fragility in the Turkish Lira continues, we see relief from the exchange rate after the Iranian tension.
At least we can expect the index to test the resistance point in the first place.
The ban of short sale in Borsa Istanbul makes me a little startled.
That is why the domestic investor plays ball in the index and volumes are calm.


On the other hand, the weekly chart also showed a buy signal :


So let's take a small position to stay in game.

NOTE :
This analysis was made on the U.S Dollar based value of the Borsa Istanbul 30 Index.

We can make this analysis more risk-free with the following parameters:

  • Position Size : Small percent of portfolio (%5 - %10 )
  • Risk/Reward Ratio = 1 / 2
  • Stop-Loss : 24.200
  • Goal : 26.325

Furthermore, we can look at discounted XU030 stocks, and then let's we'il talk again.
You can see my U.S Dollar based Turkish Airlines stock position in related ideas, i attached.

Regards.
交易手动结束:
Sales have come to the index with the danger of coronavirus, it is a little more cautious and it is useful to watch the news flow.
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