Selling Pressure Persists in BIST 100

The headline notes continued selling pressure on BIST 100, consistent with technical indicators. The RSI is at 39, in weak territory, while the MACD is below its signal line and negative, supporting a short-term bearish trend. The price is trading below the 20- and 50-day moving averages, indicating sellers remain in control. However, as the market has not yet entered oversold territory, there is a risk of accelerated decline. In the short term, the 14,000 level should be monitored as psychological support.

GOOGL shares are signaling weakness in short-term technical indicators. Although the RSI at 36 is approaching oversold territory, the MACD line remaining below the signal line and trading below both the SMA20 and SMA50 suggest selling pressure could persist. The selling pressure in BIST 100 mentioned in the news headline reflects a deterioration in global risk appetite, which may also negatively impact GOOGL. However, nearing oversold territory raises the possibility of a short-term corrective bounce. Therefore, while the downtrend is expected to continue, caution is warranted against the risk of a sudden recovery.