14,050 level stands as a critical resistance for the BIST100
Istanbul, July 27 (Hibya) – In its technical analysis of the BIST100 index, A1 Capital stated that if rebound buying continues into the new week, maintaining levels above 14,050 will be important for the index's technical outlook.
According to A1 Capital's analysis, the BIST100 index ended the final trading session of the week down 0.95% at 13,943 points, moving within a range of 13,875–14,188 points during the day.
The analysis noted that the Money Flow Index (MFI) generated an upward signal, indicating that the potential for rebound buying remains intact, while the bearish outlook in the Stochastic, RSI, Momentum, and MACD indicators suggests that selling pressure continues.
It added that the technical outlook could strengthen if the index settles above the 14,050 level. On the downside, 13,860 stands out as a key short-term support level. The analysis also assessed that a break below this level could lead to a pullback toward 13,765 points.
British News Agency
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