Looking to get a fill on a monied covered call in KWEB (IVR/IV 12/33.2) while I wait around for some (or any) vol to show itself in the broader market. That IVR isn't great, but I'm going small so that I can potentially add at more favorable strikes/share cost bases should an opportunity present itself.
It's pre-market, so bid/ask is somewhat wide on both the...
AMEX:KWEB the Chinese stock ETF is looking like a due or die situation here. The negative is that it is in a longer-term downtrend. It is now just hitting the underside of the 50 DMA; it is below the 40 Week MA and nearing the top of the downtrend channel.
Here are the positives; it seems to have stopped the downtrend with a slight undercut and rally from the...
AMEX:KWEB There is a good chance that the inverse head and shoulders pattern might complete, and the stock could run to the $47 area.
Earnings from NYSE:BABA , NASDAQ:JD , and NASDAQ:PDD were way better than expected.
With the media and analysts pounding on the Chinese economy daily, sentiment on the Chinese economy is at its lowest point ever. A little bit...
Looking at KWEB or Chinese TECH. Inverse H&S Pattern potentially. On fundamental side if China continues to cut rates and add fiscal stimulus this could potentially break out and run. China is only major country cutting interest rates currently.
Baba was just the beginning. Wait until the rest of the chinese market takes off. Stimulus took longer than expected to boost the market.... delayed reaction now in full effect. Options play on this Nov. 17th $33.00 strike.... for $0.98 currently ...... easily a 2000% banger for fair value/price on this stock. Realistic target for stock price = $53.00
AMEX:KWEB looks like it is breaking out of the descending wedge. If you zoom out the IHS is still intact. If the price can get above $28.50 it could run to $31 - $33 area. Downside risk is $26 - $25.
Not an investment advice.
No government is performing at a higher level than China's. The biggest risk is they take Taiwan. If that happens any investment you have there could get frozen or could get banned or could get out right stolen. That said I think they take Taiwan by election eventually because even there it is close. There is a big pro China population in Taiwan most people do not...
KWEB had a nice hold at the golden pocket and volume has started to pick up on up days and tail off on down days. With the Nikkei making new 33 year highs and the US markets looking a little long in the tooth, China may be the place to take a shot. Moving averages flattening out and starting to rise. KST, MACD and RSI looking good! Yesterday's move down didn't...
next leg up possibly starts very soon. Looking like an inverted head and shoulders bottoming pattern here, and with daily and weekly bullish divergences on RSI, I would think continuation up is likely.
Over 34.5 would be a big step forward and could take it to the 50 area again.
Good luck!
for personal use
KWEB tracks the CSI Overseas China Internet Index, which consists of China based companies whose primary business or businesses are focused on internet and internet-related technology.
This is China's internet ETF and a good stock to diversify your portfolio if you have too much exposure to US markets. Look to jump in when the price is above $28.50.
#KWEB recent pull back threatens the IHS formation. So far its recoverable and still possible, if things reverse from here. Its at critical resistance area. 👀
Tip: add 20 EMA to your chart and you can spot patterns easier.
#KWEB Looks like a mini IHS is forming inside the right shoulder of an bigger IHS. If IHS materialized, meaning if the price can break above the neckline at $32.00, we can see further upside to $35.60. On the other hand breaking below 200 DMA could drop it to $26.55.
