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EvanMedeiros
Jul 27, 2021 5:35 PM

Chinese tech stocks in the process of capitulation Long

KraneShares Trust KraneShares CSI China Internet ETFArca

Description

It has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout.
  • Volume acceleration
  • Extension outside multiple time frame Bollinger Bands
  • Speed of sell off


Definitely a fierce counter-trend trade for more experienced traders that can manage risk and position size appropriately but I'd pay attention to it in this 42 to 46 zone for a reaction.
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