Alibaba and JD.com Shares Decline Amid Beijing's Subsidy Pressure
📊 BABA — Piyasa Yorumu
▼ down · 70%The news headline indicates a negative impact on Alibaba's stock due to subsidy pressure from Beijing. Technical indicators support this view: the RSI is at 20.4, deep in oversold territory, but the MACD remains below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. A 4.6% decline in the last 24 hours suggests continued selling pressure. The short-term downtrend is expected to persist.
📊 9988.HK — Piyasa Yorumu
▼ down · 75%The news headline indicates a decline in Alibaba and JD.com shares due to Beijing's subsidy pressure. Technical indicators support this decline: RSI at 18.4 is in oversold territory, MACD is below the signal line, and the price is well below the 20- and 50-day moving averages. The 9.9% drop in the last 24 hours shows intense selling pressure. The downtrend is expected to continue in the short term, but some buying on the dip may occur due to oversold conditions.
📊 JD — Piyasa Yorumu
▼ down · 65%The news headline indicates that shares of Alibaba and JD.com have declined due to subsidy pressure from Beijing, creating a negative catalyst for JD. Technical indicators also confirm weakness: the RSI is near oversold territory at 33.7, the MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. The last closing price was $28.44, reflecting a daily decline of 1.49%. In the short term, selling pressure is likely to persist, although the low RSI level suggests some potential for a rebound.