Michael Burry Announces Sale of Alibaba Shares
📊 BABA — Piyasa Yorumu
▼ down · 55%The news of Michael Burry's selling may be perceived as a loss of confidence by a renowned investor and could create selling pressure in the short term. Technically, the price is above the SMA20 but below the SMA50, with the MACD in negative territory and showing a slight recovery signal above the signal line. The RSI is at a neutral level, with momentum not indicating a clear direction. Given the negative news flow, profit-taking may occur at current resistance levels. However, the impact may remain limited as the stock closed slightly positive in the last 24 hours.
📊 9988.HK — Piyasa Yorumu
▼ down · 55%Michael Burry's sale of Alibaba shares could be perceived as a loss of confidence by a prominent investor, potentially creating short-term selling pressure. Technical indicators already present a weak outlook, with the MACD in negative territory and below the signal line, while the RSI is at a neutral level. The price is above the 20-day moving average but below the 50-day average, giving a mixed signal. With the news impact, there is a risk of the stock pulling back below the 110 level, but the decline should not be severe, as the selling news may already be priced in. In the short term, I anticipate a sideways-to-negative trend.