I am not surpise BABA and the other chinese stocks continue to get hit. Based on the RSI on the monthly timeframe, it wasn't even close to be oversold for the past many months until recently it starts nearing the 20 RSI. I bought in some BABA but the question I am asking myself now:
Based on technical it's about time BABA bounce up but we never know if this will continue down or not. If US stock market is to crash in the future maybe we will see more people reallocate into the oversold chinese stock?
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