Turkey's Capital Markets Board Extends Short Selling Ban on Borsa Istanbul Until May 8

ASELS shares rose 5.2% in the last 24 hours, closing at TRY 439.5. The RSI at 68.3 is approaching overbought territory but has not yet entered it. The MACD line remains above the signal line and in positive territory, indicating sustained short-term upward momentum. The price is trading above both the 20-day (TRY 428) and 50-day (TRY 416) moving averages. The extension of the short-selling ban by the Capital Markets Board (SPK) could reduce short-term selling pressure in the market, further supporting the rally.

ASGYO stock recorded a sharp 17% rise in its last closing session, pushing its RSI to 84, which indicates overbought territory. This increases the risk of a short-term correction or profit-taking. However, the extension of the short-selling ban by the Capital Markets Board (SPK) may act as a factor limiting selling pressure in the market. The overbought signal from technical indicators and the supportive environment created by the news are balancing each other out. Therefore, there is no clear expectation regarding the short-term direction.

Although the news pertains to a regulation affecting Borsa Istanbul in general, it is not expected to have a direct impact specifically on ATAGY. In technical indicators, the RSI is at 46, in neutral territory, the MACD is below the signal line, and the price is trading below the SMA20. There are insufficient signals to determine a short-term direction, hence a neutral outlook prevails.