Alibaba Shares Continue Decline Amid Allegations of 'Illegal' Access to Anthropic AI Models
📊 BABA — Piyasa Yorumu
▼ down · 75%The stock experienced a sharp decline of 10.6% in the last 24 hours, with the RSI entering oversold territory at 16.5. MACD values remain in negative territory and below the signal line, confirming weak momentum. The price is trading below the 20- and 50-day moving averages, indicating a negative technical outlook. The allegation of unauthorized access in the news headline may increase regulatory and reputational risks, sustaining selling pressure. Although the stock is in oversold territory in the short term, the downtrend is expected to persist due to negative news flow and weak technical structure.
📊 9988.HK — Piyasa Yorumu
▼ down · 70%The stock experienced a sharp decline of over 8% in the last 24 hours, and while the RSI at 30.8 approaches oversold territory, the MACD continues to give a sell signal. News headlines indicate that Alibaba is facing allegations of illegal access to Anthropic's AI models, a legal and reputational risk that could amplify negative pressure in the short term. The price is trading below both the 20-day (97.74) and 50-day (102.10) moving averages, confirming a weak technical outlook. The downtrend is likely to persist in the near term, although some buying on dips may occur due to the oversold condition.