#KWEB just broke out of the neck line of a inverse head and shoulder reversal and could see further up side to $28.48 which is 200 DMA.
Target 1 - $27
Target 2 - $28.48
Target 3 - $33
Stop loss - $23
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
China Internet ETF, came down quite a lot.
Looking at accumulating KWEB at current level
On BB we can see that its trading below the median line of 2 STD Deviation for weekly candle stick.
Thank you for organizing this interesting competition.
If anyone is interested ! Join in the fun
Thanks for checking out my thesis and hope you guys enjoy it.
Basically, i will be doing a TOP-DOWN analysis approach for my thesis between the two major economies. We will be looking at simple macro and...
- Making higher lows since March / June / Sept 2022
- Broke downward trend line & retest
- Funds accumulating
- Great value
- Good R/R trade
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"“I hear and I forget. I see and I remember. I do and I understand.””
Cheers and happy trading!
KWEB, Chinese internet ETF
Chinese techs have been in a bear market since February 2021, with the price of KWEB unable to break above the long trend line (in blue).
Kweb has found a bottom in March 2022.
Is Kweb bullish? Is it the end of the bear market for Chinese tech stocks?
Here is everything you need to know before making a decision:
- Currently the...
AMEX:KWEB seems to be holding decent support based on historic volume/supply levels of $29.20 (gray shaded box with gray arrow). Not only is KWEB holding support, but volume flow turned net positive around 1:30 pm EST on 6/13. We should see a fairly quick return to $32 next week or two. Stop loss if prices fall below $29 for more than two hours as major support...
bloomberg reporting that shanghai is emerging from lockdown / think this is a good risk reward spot to buy china tech. starting 27.39 and add on closing channel break... raise stops if impulsive move higher happens. stops below 25.50..
20th March 2022
KWEB (Chinese internet ETF)
Since China says it will support Chinese IPOs abroad, calls for closure on tech crackdown last week, we can see most Chinese ADR shares shoot up. If KWEB fall below $20, will not be a good sign.
Otherwise, this ETF is good to enter for long term investor. As for trading, long whenever it pull back.