Uptick Rule for Short Selling in Borsa Istanbul to Remain in Effect Until End of Session
📊 XU100 — Piyasa Yorumu
▼ down · 65%The news indicates that the uptick rule for short selling will remain in effect until the end of the session, a measure typically aimed at limiting selling pressure in the market and may be perceived as a negative signal in the short term. Technical indicators also confirm weakness: RSI is near oversold territory at 32.4, MACD is negative and below its signal line, and the price is below both the 20-day and 50-day moving averages. A decline of 1.84% over the last 24 hours suggests that current selling momentum could persist. However, due to oversold conditions and the restrictions imposed by the rule, the pace of decline may be limited, hence the confidence level is kept moderate. In the short term, the index appears more likely to move downward.