Sharp Rebound Buying in BIST 100: Index Approaches 5% Gain

The index surged over 4% intraday to 11,468 with a sharp rebound buying wave; the news headline confirms this move and signals that momentum may continue in the short term. Although the RSI at 68.6 is approaching the overbought threshold, it has not yet crossed above 70, suggesting the trend is not exhausted. The MACD is above its signal line and in positive territory; the price is clearly above the SMA20 and SMA50, supporting a short-term upward direction. However, after a 4% single-day gain, the risk of profit-taking has increased, so I maintain a moderate confidence level. In the 1-3 day outlook, a slightly upward-biased, volatile course is expected.

The news headline concerns the BIST 100 and is not directly related to GOOGL (Alphabet) stock; therefore, its impact on GOOGL may be limited and indirect. Technical indicators point to a weak picture: RSI14 at 36 and price slightly below SMA20, while MACD is in negative territory. The 24-hour change of -0.71% indicates a moderate decline. Since the potential reflection of the news on international markets is uncertain, confidence in directional forecasts should be kept low. In the short term, a sideways-to-limited negative trend can be expected.