Liquidation Funds Decide to Offload BIST 30 Stocks via Off-Exchange Sales

The decision by liquidation funds to dispose of BIST 30 stocks through off-exchange sales is news that could create supply pressure on the index. Although off-exchange sales are not directly reflected in the order book, downward pressure on pricing may occur during the process of finding buyers. In the technical outlook, the price is above the SMA20 but below the SMA50, the RSI is at 51 in neutral territory, and the MACD is below the signal line; in other words, momentum is weak. The impact of the news may be limited and gradual, so I do not have high confidence. A slight downward trend can be expected in the short term.

Although the news headline pertains to BIST 30 stocks, since the symbol is GOOGL, no direct impact is expected; therefore, the direction is considered neutral. On the GOOGL side, the price at 280.46 is just below the SMA20 (281.07) and significantly below the SMA50 (301.55), indicating a weak short-term trend. RSI14 at 35.5 is near the oversold threshold but no reaction signal yet. Although MACD is in negative territory, it is above the signal line, suggesting weakening downward momentum. After a 24-hour decline of 2.25%, a short-term sideways-consolidation tendency is possible; the news is not expected to be a significant catalyst for GOOGL.