Consumption in China Nearly Stalls: Decline in Real Estate Investment Approaches 20%
📊 BABA — Piyasa Yorumu
▼ down · 60%The halt in consumption in China and the sharp decline in real estate investments are negative news for China-exposed stocks like BABA. Technical indicators are also weak: the price is below the 20 and 50-day moving averages, MACD is in negative territory, and RSI at 44 is neutral-weak. In the short term, selling pressure is likely to continue, but the fact that RSI is not approaching oversold territory indicates limited downside potential. Due to the news, I expect a downward movement within 1-3 days, but there could be buying on dips.
📊 PDD — Piyasa Yorumu
▼ down · 55%News that consumption in China has nearly stalled and the decline in real estate investment has approached 20% is weakening the demand outlook for Chinese e-commerce companies like PDD. On the technical side, the price is slightly above the SMA20 but below the SMA50, and the MACD is in negative territory above the signal line; this points to a weak recovery attempt in the short term. The RSI is at 54, neutral with no oversold signal, meaning that if a downside break occurs due to the news, support may be sought. Although the macro news is negative, the fact that the price closed slightly higher in the last session and the indicators are mixed means the bearish signal is not strong. I expect downward pressure in the 1-3 day horizon, but additional confirmation is needed for a sharp sell-off.