Do Foreign Investors Continue Buying Turkish Assets?

If foreign investors continue their buying spree in Turkish assets, the Turkish lira (TRY) may see short-term support. A 24-hour gain of 0.21% and the SMA20 trading above the SMA50 indicate a mildly bullish trend. The RSI at 61 is near overbought territory but not yet excessive, suggesting short-term recovery potential. The MACD above its signal line confirms ongoing momentum, though market volatility warrants caution against sudden reversals.

ASELS shares closed at 383.25 TL, up 3.2% in the last 24 hours, trading above both the 20-day and 50-day moving averages. The RSI stands at 66.6, not yet approaching overbought territory, while the MACD remains positive above its signal line. News headlines suggest continued foreign investor interest, supporting the current technical outlook. However, cautious optimism prevails as a stronger catalyst is needed to accelerate the short-term rally.

ASGYO shares closed at 12.35 TL, up 0.98% on the day, but technical indicators do not provide a clear direction. The RSI remains neutral at 44.8, while the MACD line has crossed above the signal line yet stays negative below zero. Short-term moving averages (SMA20 and SMA50) are above the current price, potentially acting as resistance. The headline questions foreign investor interest but does not give a clear buy signal. Therefore, a sideways trend is expected in the short term.

Although the news headline implies sustained foreign investor interest, AKBNK stock closed with a 0.64% decline, and the RSI stands at 46.5, indicating a neutral zone. While the MACD line remains above the signal line, the gap is very narrow, suggesting weakening momentum. Trading just below the 20- and 50-day moving averages increases short-term directional uncertainty. Therefore, despite the positive news, technical indicators do not provide a clear direction, resulting in a neutral outlook.