$Alibaba (BABA.US)$  after such a bullish weekly candle, further growth is raising fewer doubts. The situation is comparable to the $H-Source Holdings Ltd (HSI.CA)$ index - with the MA200 on the weekly chart and key resistance at 120. Thus, a consolidation around this level is also quite likely, as breaking through it would indicate a strong bullish trend, while some folks have forgotten to buy in.

$PDD Holdings (PDD.US)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $NIO Inc (NIO.US)$ $iShares MSCI Hong Kong ETF (EWH.US)$ $H-Source Holdings Ltd (HSI.CA)$ $SPDR S&P 500 ETF (SPY.US)$ BREAKING NEWS 9/27: CHINA'S PBOC CUTS THE 7-DAY RRP RATE BY 20 BPS TO 1.5% FROM 1.7% AS THE CENTRAL BANK SCHEDULED.