BIST 100's 13,650 Support Level Critical as Global Selling Pressure Persists

GOOGL shares fell 5.7% in the last 24 hours to $326.56. The RSI is at 44.9, indicating weak momentum, while the MACD remains below the signal line and in negative territory. Although the price is attempting to hold above the 20-day moving average ($322.18), it is trading well below the 50-day moving average ($337.70). The global selling pressure highlighted in the news and the critical support level on BIST 100 suggest low risk appetite. In the short term, selling pressure is likely to persist, but the $322 level should be watched as an important support.

The BIST 100 index closed at 13,774, losing 1.21% on the day and approaching the 13,650 support level. Although the RSI has entered oversold territory at 30.57, the MACD continues to generate a sell signal, and the price remains below both the 20-day and 50-day moving averages. The headline emphasizes that global selling pressure persists and that the 13,650 support is critical. In the short term, a break below this support could accelerate selling, but the oversold RSI suggests a possible corrective bounce cannot be ruled out. Overall, the weak outlook remains intact.