Mar. 10 at 1:26 AM
While US equities sold off all week,
$TUR printed its largest volume candle ever and bounced.
Ascending channel intact since April 2025. RSI just reset to the lowest level of the entire uptrend — every prior RSI reset in this channel was a buy. Volume spike confirms the flush is done.
Blue arrow on chart targets
$44–45. Ascending channel structure supports it.
Bull case:
$39.09 reclaim →
$41.22 →
$42.64 high →
$44–45 channel continuation.
Bear case:
$37.90 fails → channel breaks →
$35 zone.
The bigger story: Turkey ETF showing relative strength in a week where everything else broke down. That’s not a coincidence — that’s capital rotation. International/EM getting a serious look while US tech washes out.
$39.09 reclaim is the trigger. Already +4% today.
#TUR #Turkey #EM #emergingmarkets #hovdid