Milan Tech Firm Bending Spoons Selects Banks for $20 Billion US IPO
📊 BABA — Piyasa Yorumu
■ neutral · 30%The news announces the public offering of a technology company not directly related to BABA. This is not expected to have a significant impact on BABA's short-term price movement. Technical indicators point to weakness: RSI at 37.8 in the sell zone, MACD below the signal line, and price closing below both SMA20 and SMA50. However, the decline over the past 24 hours has been limited, which may indicate easing selling pressure. Overall, the news impact is neutral while the technical outlook remains weak.
📊 0700.HK — Piyasa Yorumu
▼ down · 65%The stock experienced a 3.76% decline from its last close, with the RSI approaching oversold territory at 33.5. However, the MACD remains in negative territory and below its signal line. Trading below the 20-day simple moving average (481.74) and the 50-day moving average (497.26) indicates short-term weakness. While the US IPO mentioned in the headline does not directly affect 0700.HK, it could raise supply concerns in the technology sector. In the short term, the downtrend is likely to continue, but oversold conditions may trigger buying on dips.