Hello. One of the rare instruments I follow in Borsa Istanbul is the FENER stock. Last year, I was sharing my analysis about FENER at certain intervals. However, I stopped following because I took a break from my stock investments for a while. Recently, I started to take an interest in Borsa İstanbul again. I followed the FENER stock again.
On March 24, I saw that FENER's share was 22.5 TL. I considered that price a great place to buy. The last time I unfollowed, FENER's share was 38 TL. He tested around 55 TL above and came back. Indeed, after March 24, the rise started and the stock drew a vertical chart.
In fact, the downtrend line, which has been going on for about a year and a half, was broken. Things have been going well for the football team lately. I think this situation has a big impact on this rise.
Breaking this trend could be a good sign. But it should remain above the line. Let's see what happens in the next days.
Note: I would appreciate it if you would not view this content as investment advice. This content contains only my personal opinions.
See you.