Tuncay Turşucu: There is no joking around with this

IF THE STOCK MARKET SURPASSES 8,500, IT WILL RAPIDLY HEAD TO 11,000 - 12,000

Explaining what would happen if the stock market breaks the 8,500 level, Turşucu said, "The same method exists above at the 8,400 - 8,500 level. We have pointed to that very seriously as well, meaning this: if the index rises above 8,500, this rally will not be intended to go just 500 points higher.

An index that rises above 8,500 will move with a target of 11,000 to 12,000 in a very serious manner," he said, summarizing with the words, "So what I want to explain here is this: if we fall below 7,400, there could be a sell-off toward much lower levels. If we rise above 8,500, there could be a move much higher."

WHAT SHOULD THOSE HOLDING STOCKS DO?

Making a statement for investors holding stocks on his YouTube channel, Turşucu said, "I am saying this for those who did not sell at the 8,500 levels. As long as it stays above 7,400, it is not very logical to act in a panic and sell, but if the index falls below 7,400, there is no joking around with this; that is where one could start to reduce their stock holdings a bit more."

News Source: 12punto