Borsa Istanbul Struggles to Hold Above 14,000 Points: Analysts Warn of 14,500 Resistance

As the BIST 100 index crosses the 14,000-point threshold, brokerage firms highlight the importance of global news flow and technical indicators for a sustained break above the 14,500 resistance level.

Borsa Istanbul Struggles to Hold Above 14,000 Points: Analysts Warn of 14,500 Resistance

Markets Monitor 14,500 Resistance Borsa Istanbul completed the first trading day of the week with a 0.92% gain, closing at 14,061 points, influenced by banking sector reports and news flow from the United States.
As of the morning of February 24, analysts maintain a cautious stance on whether the main resistance level of 14,500 points can be surpassed.
Market participants agree that staying above this level is essential for a new upward momentum.
Technical Assessments from Brokerage Firms Current analyses from leading brokerage firms highlight specific technical levels: Tera Yatırım: Views the index staying above the 5 and 20-day moving averages as positive.
It monitors 14,161 and 14,261 as resistance levels, with 13,991 as the initial support.
Yapı Kredi Yatırım: Warns that profit-taking from the 14,500 peak may continue.
It states that maintaining the 13,700 intermediate support is critical, noting that a drop below this level could bring 13,300 points into play.
A1 Capital: Notes that technical signals are following a mixed course.
While momentum remains active, indicators such as Stochastic and MACD are producing downward signals.
İnfo Yatırım: Sets the daily pivot point at 14,090.
It suggests that holding above 14,000 could support a target of 14,330, but reminds investors to be cautious of increased volatility due to the end of the term.
Global Developments and Expectations Geopolitical risks and global news flow continue to impact the markets.
Specifically, the US-Iran meeting scheduled for Thursday is seen as a decisive factor in easing risks related to Iran.
Additionally, statements from US President Trump are expected to shape global risk appetite.
Analysts state that staying above 14,000 points could support short-term purchases, but it is too early to speak of a new rally process until the 14,500 resistance is permanently overcome.

Sources

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