TUR: Don't Let Turkey Fly Under Your Radar (Archive)
Bullish trend strong, but I’m waiting for a safer pullback before buying TUR.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Turkey’s economy has been on a roller coaster in 2022 and its stock market is set to finish the year with an unexpectedly strong positive print.
- My technical analysis framework based on the Trend Flow, Support/Resistance Location, and False Breakout Trap strategy suggests bullishness on TUR but now is not a safe time to buy.
- Turkey’s PMI and upcoming general elections should hold notable sway on price dynamics and possibly fast-track trap formation to trigger buys.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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