$KWEB - Can it do inverse head and shoulder?#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. 🙏
KWEB trade ideas
KWEB - China internet I'm expecting a pullback to the grey box to complete the correction for the five wave moves.
$KWEB beautiful Demark signalsI 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.
Long Kweb on daily with call diagonalsprice 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)
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.
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.
KWEB - next target is 50KWEB shows strength compared to SPX. , considering the market structure, I expect KWEB to test the $50 level.
KWEB (China Internet stocks) seems to be ready to outperformThe 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 - Inverse head and shoulder reversal#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.
KWEB- Elliott wave forecastI guess the black 5- wave is underway which means the price might see the lows of 17 $ or lower again.
KWEB Accumulation for longer termChina 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
KWEB/VTI WHERE EAST MEETS WEST 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.
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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 very logically comparison.
After which, i will break down the chart into different sections with Momentum theory as the base and other confluence elements as supporting. We will trade what we see on the chart. Nothing speculative.
===================Macro=======================
Macro
$VTI - High inflationary environment / rate hikes / quantitative tightening / bull run for the last 2 years / stocks overvalued / might be looking at negative GDP + inflation = stagflation = risk off for stocks
$KWEB - Moderate inflationary environment / quantitative easing / correction for the last 2 years / low PE ratio / stocks undervalued
===================Technical analysis =======================
Technical analysis
1) Falling wedge formation
The initial momentum was very strong and diminish over time towards the end before breaking out. This shows that the momentum had extinguished and will be looking for a trend reversal. As seen on the break out and retest.
2) The price broke out from the 1 year downward trend line and did a retest / rejected with a engulfing candle forming the left shoulder and head of the inverse head and shoulders. We are no longer making lower lows.
3) As seen on the Momentum theory indicator, the bearish momentum had bottomed out and broke out from the neckline. An emerging bull momentum might emerge once the price action had proven its strength. Momentum will above 0 and will commence its run.
4) We are looking at a potential inverse head and shoulder or cup and handle formations. Both are bullish price action and trend reversal formation. This can be confirmed over the next 1-2 months after the right shoulder / or handle is formed.
Based on point 1,2 & 3. We can established that the $KWEB had ended its bear run / rejected the bottom. And once the right shoulder formed and price moved above the major support & resistance area and 200 moving average. A bull trend will emerge.
===================Entry=======================
Entry.
A multi confluence entry would enhance the confidence, increases the probability of success.
Depending on risk appetite, we have listed two possible entry scenario. Both scenarios have great risk to rewards ratio.
Entry 1
- Right shoulder or handle formed
- Price goes above major support and resistance neckline
- The 50/200 moving average golden cross = this will be the entry trigger. Stop loss can be % of your capital or the low of the inverse head and shoulders
- Exit will be either your preferred target % or ride with trailing moving average i.e 50/200 moving average death cross
Entry 2
- 30% position on bull flag of the cup and handle / or right shoulder formed
- 30% position on breakout of cup and handle / breakout of the major support & resistance neckline
- 40% position once 50/200 moving average golden cross
- Stop loss can be % of your capital or the low of the inverse head and shoulders
- Exit will be either your preferred target % or ride with trailing moving average i.e 50/200 moving average death cross
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Thank you for your time and hope you enjoyed my analysis.
Trade safe and always manage your risk !
" When you genuinely accept the risks, you will be at peace with any outcome.
- Mark Douglas "
WATCH $KWEBBullish
- 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: UNIQUE LONG TERM OPPORTUNITY?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 price is trying to create a bottoming base as we have seen higher lows (light black line) since March and the bearish trend line (blue) was broken.
- I see an ascending triangle with the top horizontal line of the triangle at 32.71. We tried to break this line 3 times but failed to maintain above. A sustainable break above 32.71 would be considered as bullish.
- We could backtest the rising black line of the ascending triangle before starting a bullish trend, but not sure.
- Mind the small gap around 28 that could also be filled.
- We're above the ichimoku cloud, which shows that the trend is changing. The lagging span (in green) still have to confirm the change of trend by crossing the bearish blue trend line.
- China in quantitative easing mode as western economies are tightening.
I'm long KWEB with a long term view. My buying zone is between 30 and 27.74 with a stop at 26.40 .
Trade safe.
KWEB 4HR - This is getting interesting!Lets see if we can break out of that supply zone to the upside.
$KWEB - possible buying opportunity around $29AMEX: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 would be breached. 1:3 risk reward.
$KWEB - Upper Supply Zone RetestSupply 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!
KWEB --Running Flat Correction Nearly CompleteJune Weakness then Strength into year end. Wave C can end at the .618, `1. 1.23, or 1.618 extension.
6/12/22 KWEBKraneShares 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 date: $2.38/contract
KWEB similar to ARKKKWEB developed similar pattern at different magnitude. Can use 2 weeks option play.
KWEBDaily 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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