China Shows First Open Resistance to US Sanctions Using Banks
📊 BABA — Piyasa Yorumu
▼ down · 60%The news indicates that China's use of banks to resist US sanctions could escalate geopolitical tensions. This may put short-term pressure on China-based stocks such as BABA. Technical indicators show the RSI at 72, in overbought territory, increasing the likelihood of a correction following a 7% rise in the last 24 hours. Although the MACD is positive, it is hovering near the signal line, suggesting momentum may weaken. In the short term, the upside is expected to be limited, and a potential pullback could occur.
📊 9988.HK — Piyasa Yorumu
▼ down · 60%The news indicates that China's use of banks to resist US sanctions could escalate geopolitical tensions, potentially putting pressure on Hong Kong-listed stocks. Technically, the RSI at 61.6 is approaching overbought territory, and the MACD has crossed below its signal line, signaling a short-term correction. Following a 6.1% rise in the last 24 hours, profit-taking may occur. Although the stock remains above the SMA20 and SMA50, the uncertainty generated by the news increases downside risk in the near term.
📊 0700.HK — Piyasa Yorumu
▼ down · 60%The news indicates that China's use of banks to resist US sanctions could escalate geopolitical tensions. This situation may particularly pressure Hong Kong-listed stocks. Technically, the RSI is neutral at 48, while the MACD is below the signal line and near negative territory, suggesting short-term weakness. The price is trading just below the 20-day and 50-day moving averages, indicating resistance levels are being tested. Despite a slight uptick in the last 24 hours, the uncertainty from the news and weak technical indicators suggest a downward move is more likely.