$Alibaba(BABA)$ CN tech majors

CN tech majors BABA all at overbought levels on the RSI. We had a nice breakout in some of these names thanks to yesterday's bazooka stimulus from the PBoC. Like I said, don't expect volatility to go away for this market. What's important is that the road is now being paved for a recovery in China's economy and support for the stock market. Beijing has shown it has the willingness to take drastic measures to stimulate. They have other ways of taking action, which we'll likely see in the coming days and weeks.

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