Tech has underperformed this month. I expect there to be a correction, in this bullish
market as the underlying reason were not compelling enough for such a decrease relative to the other sectors (FCC ruling, nvidia
boss selling stocks and expectation BABA overestimated operations). Specificly BABA has had a big hit, as seen by the extremly oversold RSI
. blue horizontal lines are support levels and my next targets. exit if within 5 trading days BABA has not corrected towards trendmean as it could start moving sideways for a bit, which would be a primeur for BABA. Even though a head and shoulders
pattern is about to fullfill in BABA i think the market is far too bullish
and will ignore it.