SPK Approves IPOs of Five Companies
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The Securities and Exchange Commission of Turkey (SPK) has approved the public offerings of five companies, a move that may slightly lift overall market sentiment. However, the direct impact on a large technology giant such as GOOGL is expected to remain limited. Technical indicators suggest a downtrend for GOOGL: the price is below both the 20‑ and 50‑day moving averages, the Relative Strength Index (RSI) sits in the 30‑40 range, and the Moving Average Convergence Divergence (MACD) is negative. Accordingly, a modest decline in GOOGL’s price could be anticipated over the short term (1‑3 days). Nonetheless, the company’s underlying fundamentals and sector developments are likely to constrain this movement.