Tencent and Alibaba in Talks to Invest in DeepSeek at Over $20 Billion Valuation
📊 BABA — Piyasa Yorumu
▲ up · 60%The news indicates Alibaba's potential to invest in the AI startup DeepSeek at a high valuation. This could support Alibaba's strategic moves in technology and innovation, positively impacting its stock. However, technical indicators are weak: RSI at 37.8 is near oversold territory, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. In the short term, the positive news may partially offset technical pressure, but for a sustained rally, the price needs to rise above 132.68 (SMA20).
📊 0700.HK — Piyasa Yorumu
▲ up · 60%The news reveals Tencent's potential to invest in DeepSeek at a high valuation, strengthening the company's growth expectations in the artificial intelligence field. However, the stock has declined 4.5% in the last 24 hours, with the RSI entering oversold territory at 25. While technical indicators paint a weak picture in the short term, the positive impact of the news could trigger a recovery move from oversold conditions. Although the MACD remains in negative territory, slowing momentum and the low RSI value support short-term upside potential. Nonetheless, it should be noted that trading below SMA20 and SMA50 may limit any rally.
📊 9988.HK — Piyasa Yorumu
▼ down · 60%The stock experienced a 2.9% decline from its last closing price, with the RSI falling to 30, approaching oversold territory. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. Trading below the 20- and 50-day moving averages further darkens the technical outlook. Despite positive news, the weakness in technical indicators and the prevailing downtrend suggest that an upward movement is not expected in the near term.