Uptick Rule Implemented for Short Selling at Borsa Istanbul
📊 GOOGL — Piyasa Yorumu
▼ down · 55%Although the news headline focuses on Borsa Istanbul, no direct impact is expected on GOOGL shares. However, technical indicators show a weak outlook: RSI is near the oversold zone at 34.9, MACD is negative and below the signal line. The price is trading below the 20-day and 50-day moving averages, and has lost 1.6% in the last 24 hours. Therefore, in the short term, the probability of continued downward pressure appears higher than an upward rebound. Still, as the stock approaches oversold territory, the pace of decline may remain limited.
📊 XU100 — Piyasa Yorumu
▼ down · 60%The introduction of an uptick rule on short selling may partially limit selling pressure in the market, but such a measure is generally insufficient to halt a downtrend. Despite the index being in oversold territory with an RSI of 22, it remains below the MACD and SMAs, indicating negative short-term momentum. While the news could boost investor confidence, the current technical structure is weak, so the index is likely to continue its downward trend despite short-term recovery attempts. Such regulations typically reduce volatility, but a sustained rally should not be expected unless the underlying reasons for selling are addressed.