Chinese Tech Giants Tencent and Alibaba Fail to Catch AI Wave
📊 BABA — Piyasa Yorumu
▼ down · 65%The news headline indicates that Alibaba has failed to meet expectations in the field of artificial intelligence, which could create negative pressure on the stock. Technical indicators support this view: the RSI at 37 is approaching oversold territory but remains in a downtrend; the MACD line is below the signal line and in negative territory, indicating weak momentum. The price is trading below both the 20-day and 50-day moving averages and has lost 4.3% in the last 24 hours. In the short term, selling pressure is likely to continue, although some buying on dips may occur due to the oversold condition.
📊 0700.HK — Piyasa Yorumu
▼ down · 65%The news headline suggests Tencent has fallen short of expectations in the AI field, which could pressure its stock. Technical indicators also point to weakness: the RSI at 44 is below neutral, and while the MACD is below zero but above its signal line, momentum remains weak. The price closed below both the 20-day and 50-day moving averages, indicating a negative short-term outlook. A 1.7% decline in the last 24 hours shows continued selling pressure. However, since the stock is not in oversold territory, the downside may be limited.
📊 9988.HK — Piyasa Yorumu
▼ down · 70%The stock experienced a 5.26% decline from its last closing price, with the RSI falling to 37, approaching oversold territory. The MACD line remains below the signal line and in negative territory, confirming weak momentum. The price is trading below both the 20-day (133.77) and 50-day (135.05) moving averages. The news headline, highlighting that Chinese tech giants have failed to meet expectations in the field of artificial intelligence, could amplify selling pressure. The likelihood of a continued short-term downtrend is high.