Chinese Clean Energy - Breakout?I'm speculating heavily. There's a trade war right now that's holding back this chart. When the trade war ends, the stock might pop.
This one is a guess, but I'm betting real money on it =)
Key stats
About KraneShares MSCI China Clean Technology Index ETF
Home page
Inception date
Oct 13, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Krane Funds Advisors LLC
Distributor
SEI Investments Distribution Co.
KGRN tracks an index of large-, mid-, and small-cap Chinese companies that derive a significant portion of their revenue from clean technology, specifically from five environmental themes: alternative energy, energy efficiency, sustainable water, green building, and pollution prevention. Potential holdings include A-shares, as well as stocks listed in Hong Kong or outside China. Holdings are market-cap-weighted, with each security weight capped at 10%. Securities having 5% or more weight may not collectively exceed 40% weight of the Index. The resulting portfolio is very narrow, with just a few dozen holdings, favoring small-cap names in the utilities and real estate sectors. The index is rebalanced quarterly. Prior to March 19, 2021, the fund was called the KraneShares MSCI China Environment Index ETF. The name change aims to better reflect the funds clean-tech exposure and has no effect on the funds strategy.
Classification
What's in the fund
Exposure type
Consumer Durables
Producer Manufacturing
Utilities
Stock breakdown by region
KGRN - The Hidden Gem ETF 💎KGRN is an environmental ETF based in China. China is only at 31% capacity for renewable energy with huge room for improvement.
This ETF holds some of the top Chinese electric car companies. As we all know the Chinese market is the largest in the world and as their economy grows so will their push
This ETF could be like buying Tesla at $50KGRN will add exposure to China's rapidly growing environmental movement over the years to come.
wait for retest of week(grey line)The price rejected of the day resistance blue line. Wait for retest of week support line (grey) good risk trade
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
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Summary
Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.