KARDEMIR (D)
Long

Low Risk for KRDMD Long Trade

24
As we are close to the bottom line of the horizontal band, long trade is my suggestion in KRDMD. As the stop level would be weekly closure below 22 TL, there is very high risk/reward ratio. I see 25-30% profit is possible if we set the TP as fibonacci 0.618.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.