Alibaba Reports First Operating Loss Since 2021
📊 BABA — Piyasa Yorumu
▼ down · 70%The news highlights Alibaba's profitability issues as the company reports its first operating loss since 2021. Technical indicators also support this negative outlook: the RSI at 37 is approaching oversold territory but remains in a downtrend, the MACD is below the signal line and in negative territory, and the price is trading below both the 20-day and 50-day moving averages, having lost 4.3% in the last 24 hours. Selling pressure is likely to persist in the short term, though some buying on dips may occur due to oversold conditions.
📊 9988.HK — Piyasa Yorumu
▼ down · 70%Alibaba's announcement of its first operating loss since 2021 indicates the company is facing profitability challenges. Technical indicators also support this negative news; the stock has lost 4.25% in the last 24 hours, with the RSI at 44.5 in weak territory. The MACD line is below the signal line and in negative territory, suggesting that short-term downward momentum may continue. Trading below the 20-day and 50-day moving averages further weakens the technical outlook. In the short term, selling pressure is likely to persist, and the stock may test the 130 TL level.