Borsa Istanbul Imposes Short Selling and Margin Trading Ban on Two Stocks
📊 KZGYO — Piyasa Yorumu
▼ down · 70%Borsa Istanbul's imposition of a short-selling and margin trading ban on KZGYO could increase short-term selling pressure on the stock. The stock has already fallen 9.99% in the last 24 hours and its RSI at 32 is approaching oversold territory, indicating that some of the decline is priced in. The MACD being below its signal line and the price trading below the SMA20 and SMA50 confirm a weak technical outlook. Nevertheless, the ban may limit downward speculative pressure by restricting short selling, and rebound buying could emerge. Therefore, while downside risk persists in the 1-3 day horizon, oversold conditions also bring the possibility of a short-term recovery after the sharp decline.