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KraneShares CSI China Internet ETFKraneShares CSI China Internet ETFKraneShares CSI China Internet ETF

KraneShares CSI China Internet ETF

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$KWEB Volatility Contraction or Top of Downtrend Channel? 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 previous low. It is above the shorter-term MAs and looking like it might get over the 50 DMA. Looking at volume, there is buying with green volume days higher than red volume days. Here is my plan. If it can close over the 50 DMA, I will start a ¼ sized long position with a stop on a close back under the 50 DMA. If it can break above and close over the upper downtrend line, I’ll add another ¼ size. After that I will wait for some consolidation / minor pullback and resumption of up trend to bring to a full position. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
AMEX:KWEBLong
by Brent_Calver
$KWEB - Can it complete the inverse head and shoulders pattern?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 of positive news could drive Chinese tech stocks higher. Upside targets: $35 $40 $47 Downside risk: $24
AMEX:KWEBLong
by PaperBozz
All Roads Lead to China $KWEB $CQQQNo 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 talk about. The upside is if over the next 20 years they become more rule of law, more into developing their own tech. Overtime the market will give them a better multiple and will gain trust in China. Trust right now is lower than its been in a couple decades. It might improve a lot over time depending on their policy and actions. Obviously they could also gain if there's more mistrust of the USA's rule of law if it goes that way in the next couple decades too.
AMEX:KWEBLong
by inanis_
KWEB - Perking up?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 quite fill the gap but I'm not quibbling over a a few cents. Lots of upside here if China economy can start to pick up after a long period of economic woes due to pandemic.
AMEX:KWEBLong
by BobbySpa
KWEBI believe, for sometime KWEB should take a pause for a brief time: 1) The current price is right at the resistance zone on the weekly chart ($31.xy to $32.nm) - We can see many times in the past the price has turned back from these levels. 2) 50 ema on weekly chart is right at the resistance, working as double resistance for the price move. 3) Dragon fly doji at the resistance means zone of strong supply. 4) The rally has been a swift and strong, now it is a few weeks old for next round of healthy run it should take a pause. Bull: 1) RSI is healthy. 2) A support is at $28-$29ish 3) Standard Deviation is higher than its previous peak and heading higher 4) Once the pause is over, next pause should be at around $38.50ish Conclusion: Overall view on KWEB is positive. In a short term the KWEB should take a pause, possibly fall a bit, before starting to run again. If the drama around possibility of US ban on Chinese stocks ends and the Zero COVID policy is lifted, then 2023 will be the year of Chinese Stocks. PS: I am new to analysis. So, do not forget to do your own research, make your own decision, you are responsible for your trades. I welcome inputs to improve my analysis. So, please share your knowledge and guide me.
AMEX:KWEB
by foolalgorithm
3
V BottomKWEB has moved a lot recently leaving some gaps behind on the way. ATH is 104.74 and ATL is 17.22 which is at the bottom of this V. A V bottom is not rounded like a Cup pattern and often consists of a 1 candle sharp bottom. A V can form a handle but it is not a requirement and this one did. It is hard to know what sentiment will be regarding China stocks from one day to another. No recommendation/ I have found most China stocks do fill their gaps but not always in a timely fashion.
AMEX:KWEB
by lauralea
1