Shein's Growth Slows, Hong Kong IPO Valuation at Risk
📊 BABA — Piyasa Yorumu
▼ down · 60%The news indicates that Shein's slowing growth is putting its Hong Kong IPO valuation at risk. This could intensify competitive pressure on BABA in the e-commerce sector and negatively impact investor confidence. Technically, the RSI is approaching overbought territory at 65, while the MACD remains below the signal line and the price is hovering near the SMA20, suggesting potential for a short-term correction. However, given that the stock has risen 2.6% in the last 24 hours, the bearish expectation can be expressed with moderate confidence.
📊 9988.HK — Piyasa Yorumu
▼ down · 60%The news indicates that Shein's growth is slowing, putting its Hong Kong IPO valuation at risk. This could create negative sentiment for 9988.HK. Technically, the RSI is at 60 and the MACD is below the signal line, signaling short-term weakness. Although the price is just above the SMA20, the uncertainty generated by the news may increase selling pressure. A short-term downtrend is expected.