KWEB is a China technology based ETF.
Top 10 holdings by weight:
Fundamental Analysis
Technical Analysis
Top 10 holdings by weight:
- Tencent Holdings ~ 10.62%
- Alibaba Group Holding ~ 10.32%
- JD.com ~ 7.21%
- Meituan ~ 6.99%
- Pinduoduo Inc ~ 6.97%
- NetEase Inc ~ 4.71%
- Baidu Inc ~ 4.27%
- Bilibili Inc ~ 3.83%
- Trip.com Group ~ 3.82%
- JD Health International ~ 3.32%
Fundamental Analysis
- China’s stock market pullback this year has been in line with the average annual drawdown (approximately 30%); historically, this volatility has tended to produce double-digit annualized gains.
- In terms of seasonality, over the past 20 years, October has been amongst the strongest months for the Chinese stock market.
Technical Analysis
- The 50sma has been tested as resistance 3 times before. A breakout above the 50sma could signal a significant change in trend.
- The RSI has shown a positive divergence, as the last three times, we tested the horizontal line (blue arrow), in each case RSI is showing higher lows.
Comment:
First break-out of the 50sma in over 6 months.
Comment:
Break of the 50sma is successful, as we test it as support and have stayed above there for over 5 trading days now.
Comment:
testing 50sma
sentiment getting worst but price is king
sentiment getting worst but price is king
Comment:
Price entered a range.
We could see some accumulation.
We could see some accumulation.