Circuit Breaker Triggered on Borsa Istanbul

The XU030 index fell 5.87% to 15,668, with the circuit breaker indicating panic selling and liquidity issues. The RSI at 12.9 is in oversold territory, but in such sharp declines, rebound buying may be delayed. MACD is negative and below the signal line, indicating weak short-term momentum. After the circuit breaker, volatility may remain high at the open; downward risk may continue for 1-3 days. Nevertheless, due to oversold conditions, strong rebound buying could emerge, so caution is warranted rather than a definitive bearish stance.

GARAN stock closed at 120.2 TL, down 5.95%, and a circuit breaker was triggered across Borsa Istanbul. The RSI is at 10.78, indicating oversold conditions, but in such panic selling, short-term rebound buying may occur, yet the downtrend could persist. The MACD is negative and below the signal line, and the price is well below the 20- and 50-day moving averages. Due to the uncertainty and selling pressure created by the circuit breaker news, the 1-3 day outlook is bearish. However, oversold conditions increase the likelihood of a sharp rebound, so caution is warranted.

AKBNK stock closed at 64.05 TL, down 7.9%, with its RSI at 12.15, indicating oversold conditions. The circuit breaker news reflects severe selling pressure and panic in the market. MACD is negative and below the signal line, and the price is well below its 20- and 50-day moving averages. While short-term rebound buying may occur, the overall trend is downward; however, oversold conditions also bring the possibility of a limited recovery. Nevertheless, volatility may remain high after the circuit breaker.