Tencent-Backed Fintech Uzum Plans New Funding Round by Year-End
📊 0700.HK — Piyasa Yorumu
▼ down · 70%The stock closed at 437.80 TRY, losing 5.48% in the last 24 hours. Although the RSI has entered oversold territory at 27.13, the MACD value (-4.73) remains below the signal line (-3.67), confirming weak momentum. The price is trading below both the 20-day (448.28) and 50-day (456.22) moving averages, indicating a negative short-term outlook. Despite news that Tencent's fintech venture Uzum has announced a new funding plan, this does not serve as a direct catalyst for the parent company and fails to offset the current technical weakness. The downtrend is likely to continue in the short term.
📊 9988.HK — Piyasa Yorumu
▼ down · 65%The stock experienced a sharp decline of 5.6% from its last closing price, with the RSI dropping to 27, entering 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 and 50-day moving averages, indicating a negative short-term outlook. The news is unrelated to the company itself, focusing instead on one of Tencent's portfolio companies, thus lacking a direct catalyst effect. Despite the weakness in technical indicators and oversold conditions, there is a risk that the downward trend may persist for some time.