The consolidation in Turkish Airlines shares has ended. Positioning strategy and target price map in the direction of the breakout.
**THYAO** (Turkish Airlines) has broken out of a symmetrical triangle formation to the upside on the weekly chart — a pattern that had been in place for roughly 12 weeks.
**Formation Analysis**
The symmetrical triangle is the product of approximately 12 weeks of consolidation. The breakout occurred well above average daily volume — reinforcing its strength. The target projection zone of the formation points to meaningful upside potential.
**Technical Indicators**
- RSI (14): Rising from neutral zone, confirming bullish momentum
- MACD: Crossing above the signal line
- Bollinger Upper Band: Price beginning to push outside the band
**Support Levels**
- Primary: Upper band of the broken triangle (now support)
- Secondary: EMA50 zone
**Target Zone**
Combining the formation projection with previous resistance levels generates a short- and medium-term target map.
**Risk Factors**
If the global aviation sector remains under pressure, **THYAO** may not be able to move independently. Fuel costs and currency risk should be monitored.
**Strategy**
Daily closes confirming the breakout provide a suitable basis for entry. A stop-loss can be positioned below the broken band.
