Sharp Sell-Off on Borsa Istanbul: BIST 100 Falls Over 5%

The news reports a sharp sell-off at Borsa Istanbul and has no direct connection to GOOGL. Therefore, its short-term impact on GOOGL may be limited. Technical indicators show that the stock has risen 4% in the last 24 hours and the RSI is at 58, in neutral territory. The MACD is below the signal line, which may indicate weakening momentum. Overall, the news is not expected to create a clear direction for GOOGL; however, a possible deterioration in global risk appetite could exert indirect pressure.

The BIST 100 index fell by 5.37% in the last 24 hours to 13,146 points, and the news confirms this sharp sell-off. Although the RSI is at 12, in oversold territory, in such strong declines, short-term rebound buying may remain limited. The MACD is negative and below the signal line, and the price is significantly below the 20 and 50-day moving averages; the technical outlook is weak. Due to the negativity in the news flow and downward momentum, the downward trend is likely to continue in the 1-3 day horizon. Nevertheless, since oversold conditions may lead to sharp rebound buying, I have moderate confidence in the downward expectation.