Türkiye Şişe ve Cam Fabrikaları A.Ş., commonly known as Şişecam, is a prominent Turkish multinational corporation specializing in glass manufacturing. Founded in 1935, the company has diversified its operations across various glass-related sectors, including flat glass, glassware, glass packaging, and chemicals. Şişecam is recognized as a global industry leader, exporting to numerous countries and continuously innovating in its field.
Turkiye Sise 1D Chart Analysis, September 13, 2023
Turkiye Sise – bearish divergence.
The upward trend has been continuing since the end of May. It respects the limitations of the growth channel quite well. Today’s strong move of 4% has reached the middle of the channel – but will it continue?
The RSI oscillator does not confirm the subsequent price peaks achieved in July, August, and September. This is the so-called bearish divergence, which usually favors price declines, and it’s marked with diagonal pink lines. The closing of the 1D candle should be important for further price movements. Confirmation of the trend change should also be sought at the intersection of EMAs, MACD, and the further decline of RSI.
The information provided on this website does not, and is not intended to, constitute investment advice; instead, all information, content, and materials available on this site are for general informational purposes only.
