KWEB trade ideas
KwebChina internet stocks etf. Going down for some time and now start to go up. Can try to take it if maybe go down some.
$KWEBKey Inflection point ..from the highs ..not shown, clear A=C so possibility 4th wave complete and we are way up in wave 5 ..other possibility is we are in wave 4 of much bigger diagonal
Similar Patterns in a nutshellAs shown in the 4 charts. Almost all Chinese-related stocks/indexes/funds are tracing what SSE is doing at this moment. However, in this area, I am not too sure if SSE would fall or breakout from the resistance levels. So my suggestion is to keep an eye on the Shanghai Stock Exchange, and that would be a great indicator for traders who are interested on trading US-listed Chinese stocks.
Besides that, I think Baidu, the Chinese Google, is really undervalued at this moment. I am looking to long the ticker, but be careful with SSE.
$KWEB to the promised land, pump it, President XiChina is back online baby, fresh communist stimulus coming right up!
