US and Chinese Delegations Meet in New York

US and Chinese delegations will meet in New York ahead of Chinese President Xi Jinping's expected visit to Washington. Trade, artificial intelligence, and rare earth elements are the main topics of the discussions. Trade negotiations are said to be of critical importance for the future of economic relations between the two countries. Cooperation and competition in the field of artificial intelligence are also among the topics on the table. Rare earth elements stand out as an important item in the talks, as they play a key role in the production of technological products. These meetings are expected to pave the way for Xi Jinping's visit to Washington. Not investment advice.

📊 BABA — Piyasa Yorumu

■ neutral · 55%

The meeting of US and Chinese delegations in New York can be interpreted as a sign of progress in trade negotiations and could be a positive catalyst for China-exposed stocks like BABA. However, since the content of the news and whether a concrete agreement was reached remain unclear, the impact may be limited. Technical indicators already point to a strong uptrend: the price is above the 20- and 50-day moving averages, MACD is positive, and RSI at 69 is close to the overbought threshold. This increases the risk of some profit-taking in the short term. Even if the news is perceived positively, the high RSI may limit upward movement; therefore, the direction is uncertain, and a cautious neutral stance is appropriate.

RSI 14

69.5

MACD

1.14

24h Δ

2.71%

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