Brazil Initiates Reciprocity Process Against US Tariffs
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The news points to a development that could escalate trade tensions between the US and Brazil, potentially raising risk perception for global technology stocks. GOOGL's 2.24% decline over the last 24 hours, coupled with an RSI of 44.6 in the weak zone, suggests that short-term selling pressure may persist. The MACD remains in negative territory and below the signal line, confirming that momentum is still downward. While the price is attempting to hold just above the SMA20, staying below the SMA50 indicates a weakening medium-term trend. Therefore, a continued downward move is likely over a 1-3 day horizon, but since the stock has not entered oversold territory, the decline is expected to be limited.
📊 BOVESPA — Piyasa Yorumu
▼ down · 65%The news that Brazil has initiated a retaliation process against US tariffs could escalate trade tensions and put pressure on the BOVESPA. Technical indicators also support this outlook, with the RSI near oversold territory at 30.9, the price below both the SMA20 and SMA50, and the MACD in negative territory. The 3.07% decline over the last 24 hours indicates continued selling pressure. However, the low RSI levels also suggest the possibility of a short-term bounce, which could limit the pace of the downward move. Overall, a weak trend is expected in the short term, but the momentum of the decline may diminish due to oversold conditions.