PETKM

1 Jul

again a squeezed graphic

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
  
  

3 Jul

Dagangan 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

4 Jul

Dagangan ditutup: sasaran 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