The stock has been in
a short-term upward movement after falling to 3,49 level at the end of December
within the mid-term downward trend. The main support is 3,67 level. Above that
level, 3,84, 3,79 and 3,71 levels can be followed as intermediate supports.
In the case of a
possible retreat as long as above 3,67 in particular, we think that declines
would be limited, short-term upward movement would maintain and the range of 4,10-4,40 levels would be tested initially in the coming period. Therefore, the stock can be
bought in retracements with a stop loss of 3,67.
We need to see the breaking of the main
resistance 4,40 for the possible upward movement in the longer-term and the end
of short-term downward trend. Above 4,40 level, mid-term targets are the range
of 4,77-5,00 initially and 5,32 level.
Upward movement towards 4,40 level can be considered
as a selling opportunity in the short-term. For the mid-term positions, 4,77,
5,00 and 5,32 can be monitoring to sell. Intermediate resistances are 4,16,
4,23 and 4,33 levels.
If the share price breaks the main support level of
3,67, the short-term upward trend is likely end and the stock could enter into
a new wave of selling. Therefore, our recommendation is to close positions
below 3,67.
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