Jun. 24 at 12:49 PM
Chinese equities are sitting in one of those classic sentiment voids right now - nobody really wants exposure, and that’s usually when things start getting interesting.
$BABA continues to look heavy in the short term, with downside risk still in play before any meaningful re-rating attempt.
$BIDU is hovering near a potential structural inflection zone, where long-term trend reversals tend to start forming before anyone agrees they exist.
$NIO remains highly volatile, but as long as key support holds, the broader structure doesn’t fully break down yet - still a high-beta recovery candidate if momentum returns.
$XPEV is similar - compressed sentiment, high volatility, and very reactive to macro shifts.
None of this is risk-free. China always comes with headline and policy risk.
But historically, the most violent upside moves tend to come from the most hated tape.
The question is not “is it safe” - it’s “is positioning too one-sided?”
