Chinese Leader Xi to Visit US with Large CEO Delegation
📊 BABA — Piyasa Yorumu
▲ up · 55%Xi's visit to the US, accompanied by a large delegation of CEOs, may increase expectations of a thaw in trade relations and provide a positive news flow for BABA. Technically, the price is just above the SMA20, with the RSI in neutral territory, while the MACD shows a slight recovery signal above the signal line. In the short term, this news could trigger an upward breakout from the current consolidation, but the SMA50 resistance at approximately 114.86 stands as a significant barrier. Market reaction may remain limited, as the outcomes of the visit have yet to be clarified and uncertainties persist.
📊 JD — Piyasa Yorumu
▲ up · 55%The news could be perceived as a signal of easing tensions in China-US relations, potentially having a positive impact on China-based stocks such as JD.com. Technically, the RSI at 58 is in neutral territory, with the price above the SMA20 but just below the SMA50, indicating potential for a short-term recovery. The MACD is negative but approaching the signal line, suggesting weakening momentum yet reducing the likelihood of a sharp decline. The news flow and price holding at support levels support the possibility of a limited upside over a 1-3 day perspective. However, due to uncertainties, the confidence level is maintained at moderate.