EU Accuses Temu of Non-Cooperation in December Raid
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL has risen 6.1% in the last 24 hours, with RSI at 75 indicating overbought conditions, increasing the likelihood of a short-term pullback. Although the news headline does not directly concern Alphabet, the EU's pressure on Temu could strengthen the perception of regulatory risk in the technology and e-commerce sectors. The MACD is positive, but the price being well above the SMA20 and SMA50 points to the potential for a correction of an overextended move. In the short term, a sideways trend or a slight decline can be expected, but a new catalyst may be needed for a strong trend continuation. Therefore, with a cautious approach, I foresee a downward bias.
📊 PDD — Piyasa Yorumu
▼ down · 60%The EU's accusation of non-cooperation against Temu poses regulatory risks for the company's European operations and could pressure its stock in the short term. Technically, the RSI at 62 is approaching overbought territory, while the MACD remains just below the signal line, indicating weakening momentum. Although the price is above the SMA20 and SMA50, the negative news flow makes it difficult to sustain the uptrend. Following a 2.8% gain in the last 24 hours, profit-taking and regulatory concerns make a short-term pullback highly likely. Therefore, the direction is bearish, but it is too early to expect a sharp decline.