China’s Internet Revival?KraneShares CSI China Internet ETF is exhibiting strong bullish momentum, with a gap forming around the $27.00 level. A breakout above the $32.60 daily resistance would confirm further strength, positioning the ETF to target $46.19. This trade setup offers an excellent risk-to-reward ratio, with a stop-loss set at $24.82 to manage downside risk.
KWEB provides exposure to China’s leading internet and technology companies, which are poised for growth as the Chinese economy recovers and consumer demand strengthens. As regulatory pressures ease and innovation accelerates across key industries like e-commerce, digital finance, and cloud services, this ETF stands to benefit significantly.
For a deeper dive into this setup, check out my YouTube breakdown, where I analyze the technical trends and discuss the fundamentals driving this opportunity.
With its combination of technical momentum and favorable macroeconomic conditions, KWEB presents an attractive opportunity for traders and investors aiming for $46.19.
AMEX:KWEB