FMIZP

FMIZP - Observations indicate that the stock's upward trend has been disrupted due to a decline in business operations and selling pressure in the main index, leading to a corrective phase. Despite the lack of negative fundamental data, the stock price is expected to fluctuate within a horizontal band, with potential for an upward movement driven by underlying factors. The stock is likely to price within the Fibonacci support and resistance range of 265 - 303. For the continuation of the upward trend, it is necessary to break through the resistance at 303.27. Additionally, upward pricing in the stock can be expected if there are purchases in the BIST 100 index.