June Weakness then Strength into year end. Wave C can end at the .618, `1. 1.23, or 1.618 extension.
KraneShares Trust CSI China Internet ETF ( AMEX:KWEB ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $37.80-$39.60 Breakout price: $32.70 Buy Zone (Top/Bottom Range): $31.60-$26.35 Price Target: $37.80-$39.60 Estimated Duration to Target: 50-53d Contract of Interest: $KWEB 8/19/22 35c Trade price as of publish...
KWEB developed similar pattern at different magnitude. Can use 2 weeks option play.
Daily Chart KWEB looks like it wants to breakout. Nice call options flows coming into KWEB. Price target of the breakout will be the 31 level.
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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..
Using this interface is beyond painful. First post blocked do to a URL to my other charts? Whats the link button for?
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.
An inflationary scenario could see an absolutely HUGE catchup in Chinese tech relative to the nasdaq. I am LONG KWEB
I'm going to start buying KWEB aggressively after this has just broke down on that support line China Tech ETF
... for a 6.67 debit. Comments: Took the opportunity to close out this inverted setup while I had the chance to scratch it out. Collected a total of 6.77, (See Post Below), so made a whopping .10 ($10) on it, which is better than a loss. Rank/implied remains decent at 62/53.6, so may re-up tomorrow depending on what underlyings float to the top of my screener.
... for a .12 debit. Comments: Added this for a .63 credit to my inverted 35C/39P short strangle to rapidify cost basis reduction and improve my break evens. (See Post Below). Since price is back between my short strikes and the short put is approaching worthless, I'm taking it off here. Total credits collected of 6.77 with break evens of 32.23 on the put...
... 35.42C/39.42P short strangle for a 1.04 credit. Comments: Another inverted that I'm rolling out a tad early and on which I've collected a total of 5.25 in credit. (See Post Below, to which the 1.04 credit received here should be added). Like ARKK, it also experienced a distribution, which ended changing the strike prices. In any event, it's a 4.00-wide...
I think it's either the bottom or very close to it. Worth taking a punt here, risk 3 average ranges down and go for the gold . Let's see how this one works out, I'm not risking big on China overall, but from a contrarian standpoint it is really interesting as to pass on it here. It will be more confirmed once the daily chart flashes a bottom signal, this would...
How low can it go? CHIQ, CQQQ, KWEB all looking interesting.
... for a 1.13 credit. Comments: Rolling the short call leg of my short strangle down defensively below my 43 short put, so I'm now inverted to a two wide (the 41C/43P). Total credits collected of 4.21 (See Posts Below), so I'm functionally long the 43's with a cost basis of 43 - 4.21 = 38.79.
It has been painful for the bulls. Adding insult to the injury, what seems like a bottoming process suddenly the price dropped through the bottom. Diving board dictates a consolidation period followed by a sharp drop followed by sharp recovery. Are we seeing that playing out? Time will tell. If the price break above the $44 level it has a real chance of getting...
I watched the fall in Chinese stocks for almost the entire 2021, and it seems to me now it's worth taking a closer look at buying Chinese stocks. But in order to protect myself from big losses I'm not going to buy individual stocks, instead I will buy this ETF. It's structure is more than perfect to me and I can avoid potential delisting risks of Chinese stocks....