VANGD

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VANGD

With the disruption of the downtrend, the stock in question exhibits a positive technical outlook. From a technical perspective, the level of 17.43 serves as a crucial support level, while the trend band support is positioned at 19.55. On upward movements, the resistance levels are set at 22.19 to 25.41. Upon examining fundamental data, no negative information has been observed. It is deemed appropriate to consider positions aimed at buying if prices remain above the 19.55 level. Since foreign investment into the BIST100 index has only just begun, sharp increases are not anticipated at this time. For a clearer assessment of potential continued rises, close attention should be paid to the foreign ownership ratio in VANGD stock, which currently stands at 0.99%.