The intraday trend isn't as strong as it was the last two days, but there is still good support and the bears are unable to make any progress. Typically, this sort of stubbornness results in another upside push as the shorts are squeezed and fear of missing out infects the bulls. Don't forget that it is the end of the quarter and there are likely to be some mark-ups and other games occurring. Managers had a good quarter and they will want to take advantage.
We are at the juncture in this market bounce where we have to watch for an oversold bounce to turn into a V-shaped recovery. This is the sort of action that trips up traders quite often. V-shaped bounces simply aren't what we expect to see after a sharp selloff like Tuesday of last week. Usually, trapped bulls and aggressive bears will sell into the bounce and prevent the market from going straight back up, but there are different dynamics at work and that makes V-shaped moves much more common than they used to be.
I'm not doing a lot of big buys, but here is a chart of Momo (MOMO) that I find quite interesting. I've been building a position and will add further, especially as it moves through the $35 area. Like many China names, it has solid earnings and revenue growth and trades at a discount to its growth.