$XPeng(XPEV.US)$Alibaba(BABA.US)$JD.com(JD.US)

The valuation rebound of Chinese concept stocks tonight is undoubtedly strong enough, consistent with the judgment made during the day.

So, is there overbought?

Possibly, but it depends on how we define "overbought." Based on the current corporate fundamentals, interest rate levels, and policy influences, I believe the valuation rebound has just begun.

As for whether there will be further declines, or even sharp drops?

Definitely, but I still hold the view: the valuation rebound has just begun. (˶‾᷄ ⁻̫ ‾᷅˵)