Dr. Nuri Sevgen Warns Borsa Istanbul: 'Absolute Nullity' and 20,000 Target
The sharp decline and circuit breaker activations in Borsa Istanbul following political developments have drawn the attention of market experts. Dr. Nuri Sevgen stated that the main reason for the panic during this process was the announcement of critical news during the trading session. While assessing the impact of market volatility on investors, Sevgen emphasized the concept of 'absolute nullity.'
Following a record 3.6 billion TL in margin calls, Sevgen called on investors to act with common sense. The expert, who said he maintains his long-term expectations, noted that the current decline is temporary and that the market has recovery potential.
The analyst reiterated the 20,000-point target for Borsa Istanbul. This target indicates significant upside potential from current levels. Sevgen stressed that investors should avoid short-term panic selling.
The market expert stated that the impact of political decisions on the market is temporary and that fundamental dynamics remain strong. He added that investors should think strategically during periods of volatility and stick to their long-term plans.
This is not investment advice.
📊 XU100 — Piyasa Yorumu
▼ down · 70%The news headline includes a sharp warning for Borsa Istanbul and a target of 20,000. Technical indicators support this negative outlook: RSI at 13.7 is in oversold territory, MACD is negative and below the signal line, and the price is well below both the 20-day and 50-day moving averages. The 6.5% drop in the last 24 hours highlights the intensity of selling pressure. The likelihood of the short-term downtrend continuing is high.
RSI 14
13.7
MACD
-196.02
24h Δ
-6.47%
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