BIST 100 Extremely Bearish
BIST 100 will go down hard in the upcoming days due to fact that it has hit the upper side of the ascending triangle coming from 2013 in a weekly basis. We see that Stochastic RSI has been unexpectedly high in the past couple weeks. Plus, since Turkey has shown aggression towards other developed countries and insists on not doing social, economic, and law reforms, we could expect investors to run away from bist 100 in the next weeks.
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