#Kweb looks like it could be trying to form inverse head and shoulder. What do you think? Will the right shoulder complete? If the pattern complete and validates, the target after validation is $48. 🙏
I'm expecting a pullback to the grey box to complete the correction for the five wave moves.
I love how beautiful and elegant the TD Sequential has been working on $KWEB. I am looking for a 9 buy to add to my $KWEB positions and some Vietnamese stocks as well.
price broke and seems to be holding abv the resistance well entering on the consolidation , holding the long term call Stop at the option expiry for long term 35strike( 361 days) exit all if the target for short term call reach 38strike (25 Days)
I 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...
KWEB 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...
KWEB shows strength compared to SPX. , considering the market structure, I expect KWEB to test the $50 level.
The ratio of KWEB/QQQ seems to have completed its bearish pattern and ready to rise. Support around 0.06, targets/resistances at 0.14 then 0.21.
#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.
I guess the black 5- wave is underway which means the price might see the lows of 17 $ or lower again.
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. SPOT: $27.70 SL $18.00 TP $52.5
Hey guys, 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...
Bullish - Making higher lows since March / June / Sept 2022 - Broke downward trend line & retest - Funds accumulating - Great value - Good R/R trade Entry idea - 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...
Lets see if we can break out of that supply zone to the upside.
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...
Supply Zone retest on the daily. A break above with volume should trigger some squeeze. Both the weekly and monthly showing potential long term reversal. Keep on watch!