A range of anti-monopoly probes, security probes, and more recent probes we’ll get to in a second are the cause of this concern. Accordingly, the Chinese tech sector is one that’s fallen out of favor rather rapidly with investors who were once bullish on the red-hot stocks.
Indeed, the positive price pressure these stocks saw this morning has since abated this afternoon. Investors appear to be pricing in further scrutiny from President Xi around the ties between China’s financial institutions and private firms. Indeed, the CCP seems intent on ensuring its grip over the economy remains tight. For investors, this means more volatility is likely on the horizon from here.
$Alibaba (BABA.US)$ $Weibo (WB.US)$ $Bilibili (BILI.US)$

$Best Buy (BBY.US)$ Massuve Bullish Hammer on Friday, wow. Monday will be lit on 🔥.