Uludağ University Faculty Member Assoc. Dr. Filiz Eryılmaz conveyed the details with the following expressions;
The war in the Middle East had a very negative impact on the stock market on October 7. In fact, with this negativity, we saw the lowest level at 7200 in the near term. But when I look at it as of today, there is a very strong opening on the stock market side. 9150 shows one. 9100 is a very critical resistor. Can we break it? I wonder, ‘Will there be a profit sale there?’ We said but he didn’t come.
We are in an interesting process. We have been in a rally mood for the last 6 weeks, especially the last 12 weeks, and have been testing a new peak almost every day for the past week. Therefore, for now, this geopolitical risk does not seem to have suppressed the stock market side.
There are reports especially from foreigners. I see that these are reflected positively, especially on the banking index side.
We understand that; Investors do not want to miss this recent rally atmosphere. We clearly see that this geopolitical risk pricing does not have a negative impact on the stock market.
At this point let me say this; Unless there is a very negative news flow, I do not expect a very sharp correction or sharp decline on the stock market side.
We can see intraday profit realization. I think it is very likely to see 9 thousand-10 thousand in the period until the election, that is, in about 3 weeks.
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