BofA Conducts Heavy Selling on Borsa Istanbul During September 7-11 Week

The news headline focuses on foreign sales in Borsa Istanbul and is not directly related to GOOGL. Therefore, its short-term impact on GOOGL may be limited and indirect. Technical indicators give a positive signal: the price is above the SMA20 and SMA50, RSI at 56 is neutral-positive, and MACD is above the signal line. However, the 24-hour change is very low (0.1%) and volume information is unavailable. Overall, a neutral outlook prevails, and the news impact is weak.

BofA's heavy selling could increase seller pressure in the short term. However, the XU100 index closed at 14,467 points, up 0.51%, just above its 20-day simple moving average (SMA20). The RSI is at 55.7, in neutral territory, with no oversold signal. The MACD is slightly below its signal line, indicating weak momentum. Although the selling news heightens downside risk, the index's ability to hold above the SMA20 may limit the decline.

The news that BofA engaged in heavy selling on Borsa Istanbul last week indicates that selling pressure may continue in the short term. GARAN's price is at 134.2, just below the 20-day simple moving average (SMA20) of 134.40 and below the MACD signal line, supporting a weak technical outlook. The RSI is at 48.7, in neutral territory, with no oversold signal; therefore, the downside potential may be limited. However, if foreign selling persists, the 133.9 level (50-day SMA) should be monitored as critical support. The impact of the news is short-term and may reverse depending on overall market risk appetite.

The news that BofA made heavy sales on Borsa Istanbul last week could create short-term supply pressure specifically for AKBNK. However, the stock closed slightly higher in the last session and the RSI at 49 is in neutral territory, with no oversold signal. The MACD is in negative territory and below the signal line, confirming weak momentum. The price is trading just below the SMA20 and SMA50, indicating that the resistance zone is near. The impact of the news may be limited; downward pressure is possible in 1-3 days, but additional confirmation is needed for a sharp decline.