Skip to content
Subscriber Only

Top-Performing Emerging Market Sends a Slew of Bearish Signals

  • Turkey's momentum, relative strength, Fibonacci, point down
  • Benchmark looking for support following best rally since 2014

Turkey’s stock market, one of the world’s top performers this year, may be heading into a downturn, several indicators followed by technical analysts show.

Buffeted by political strife, fear of terrorism and inflation of almost 9 percent, the benchmark Borsa Istanbul 100 Index’s rally is sputtering after its best eight-week run since mid-2014.