China Delays Additional Tariff on US Products for Two More Months
📊 BABA — Piyasa Yorumu
▲ up · 55%China's decision to postpone additional tariffs on US products for another two months signals a short-term easing in trade tensions and represents a mildly positive catalyst for China-exposed stocks such as BABA. However, the stock has already risen more than 9% in 24 hours and its RSI14 stands at 70.6, near overbought territory, which could limit further upward momentum. MACD is just above its signal line and the price is trading above its SMA20/SMA50, giving a positive short-term technical picture. Still, the news may be largely priced in; I therefore keep the direction as 'up' but confidence at a moderate level. Limited upside or consolidation can be expected over a 1-3 day window.