textbook wycoff bottomspeaks for itself. Should find resistance at the 200WMA.... some consolidation is expected at these levels for a move higher. Longby chinawildmanPublished 7
$KWEB very bullish for now. Big cap China ETFKWEB montly vs Daily. Very bullish. Hard to get excited about unless they can hold the uptrend for a while.Longby JarretPublished 2
Kraneshares China Internet ETF | KWEB | Long at $26.00The "beginnings" of a change in the downward trend of China's tech stock market may be starting to unfold. The price of Kraneshares China Internet ETF AMEX:KWEB has finally reconnected with my selected simple moving average (SMA) which often means further price consolidation or future price breakout from the overall mean. I'm not saying this will happen immediately and this particular SMA likes to be tested to "fake out" buyers and sellers (sometimes over months or years). Plus, there are price gaps in the low BER:20S on the daily chart that often get filled before a run. But for the early birds out there, like myself, AMEX:KWEB at $26.00 is in a personal buy zone as a starter position. Target #1 = $30.00 Target #2 = $37.00 Target #3 = $49.00 Target #4 = $100.00 (very long-term view...)Longby NicksAnalysisPublished 2
Pullback in the China Internet ETFChinese stocks tried to break a multiyear funk in April. Now traders may see opportunity in their recent pullback. Today’s chart focuses on the KraneShares CSI China Internet ETF AMEX:KWEB , which holds names like Alibaba NYSE:BABA . The first pattern is the level around $28.80. It was a peak in October and November that gave way early last month. KWEB is now trying to stabilize in the same area. Has old resistance become new support? Second, the price zone roughly corresponds to a 50 percent retracement of the rally between April 19 and May 17. Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA last month. Finally, stochastics have hit an oversold condition. Standardized Performances for the ETF mentioned above: KraneShares CSI China Internet (KWEB) 1-year: +17.03% 5-years: -27.56% Since Inception: -14,42% (As of May 31, 2024) Performance data shown reflects past performance and is no guarantee of future performance. The information provided is not meant to predict or project the performance of a specific investment or investment strategy and current performance may be lower or higher than the performance data shown. Accordingly, this information should not be relied upon when making an investment decision. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.by TradeStationPublished 5
kwebweekly kweb looking like a new day high brake out #kweb AMEX:KWEB #china by awakensoul_369Published 3
KWEB: Exposure to Chinese tech marketBased on past cycle history, the SHSZ300 (Chinese S&P 500 more or less) tracks the US markets bull runs, though starting with a large delay. We're fed a lot of bad news about China, but the fact is, they're making some economic power moves, and positioning themselves for the AI Industrial Revolution. The Chinese markets are bottoming out, and it's a good time to get exposure to the Chinese markets. I will be buying in around the buy zone ($45 - $41). #China #MCHI #KWEBLongby Savwire1Published 2
$KWEB - Breaking out!AMEX:KWEB A convincing descending wedge breakout on KWEB. This will lift NYSE:BABA NASDAQ:JD NASDAQ:PDD $BIDU. Targets: $32 $36 Risk: $24Longby PaperBozzPublished 0
Opening (IRA): KWEB May 17th 24 Monied Covered CallLooking to get a fill on a monied covered call in KWEB (IVR/IV 12/33.2) while I wait around for some (or any) vol to show itself in the broader market. That IVR isn't great, but I'm going small so that I can potentially add at more favorable strikes/share cost bases should an opportunity present itself. It's pre-market, so bid/ask is somewhat wide on both the shares and the short call, but I'm looking to buy a one lot and sell a -75 delta call against for around 26.09 in order to emulate the delta metrics of a 25 delta short put, have built-in short call defense, and to take advantage of IV skew on the call side (it's 39.4% at the 24 call strike; 32.4% at the 24 put). On a side note, the on margin variant of a Plain Jane short put isn't paying spectacularly from a dollar and cents standpoint: the May 17th 24 short put is paying .37 at the mid, which isn't anything to write home about, but that would be on a BPE of 6.72 (5.51% ROC at max; 2.75% at 50% max; 23.63 break even) should you want to go the standard short put/acquire/cover route. Break Even/Cost Basis in Shares/Buying Power Effect: 23.09 Max Profit: .91 ($91) ROC at Max: 3.49% ROC at 50% max: 1.74% In all likelihood, I'll have to "penny up" if I don't get a fill for 23.09 ... .Longby NaughtyPinesUpdated 3
$KWEB - Close to breaking outAMEX:KWEB Kweb is on the verge of breaking out! Targets: $29 $31 $36 Risk: $22Longby PaperBozzPublished 113
kweb Looking at an accumulation phase of AMEX:KWEB #kweb on the weekly where a possible dca opportunity by awakensoul_369Published 2
$KWEB Volatility Contraction or Top of Downtrend Channel? AMEX:KWEB the Chinese stock ETF is looking like a due or die situation here. The negative is that it is in a longer-term downtrend. It is now just hitting the underside of the 50 DMA; it is below the 40 Week MA and nearing the top of the downtrend channel. Here are the positives; it seems to have stopped the downtrend with a slight undercut and rally from the previous low. It is above the shorter-term MAs and looking like it might get over the 50 DMA. Looking at volume, there is buying with green volume days higher than red volume days. Here is my plan. If it can close over the 50 DMA, I will start a ¼ sized long position with a stop on a close back under the 50 DMA. If it can break above and close over the upper downtrend line, I’ll add another ¼ size. After that I will wait for some consolidation / minor pullback and resumption of up trend to bring to a full position. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. Longby jaxdogPublished 2
$KWEB - Can it complete the inverse head and shoulders pattern?AMEX:KWEB There is a good chance that the inverse head and shoulders pattern might complete, and the stock could run to the $47 area. Earnings from NYSE:BABA , NASDAQ:JD , and NASDAQ:PDD were way better than expected. With the media and analysts pounding on the Chinese economy daily, sentiment on the Chinese economy is at its lowest point ever. A little bit of positive news could drive Chinese tech stocks higher. Upside targets: $35 $40 $47 Downside risk: $24Longby PaperBozzPublished 0
KWEB Inverse H&S on Weekly chartLooking at KWEB or Chinese TECH. Inverse H&S Pattern potentially. On fundamental side if China continues to cut rates and add fiscal stimulus this could potentially break out and run. China is only major country cutting interest rates currently.Longby WO131Published 110
$KWEB - Chinse TECH stocks are back babyBaba was just the beginning. Wait until the rest of the chinese market takes off. Stimulus took longer than expected to boost the market.... delayed reaction now in full effect. Options play on this Nov. 17th $33.00 strike.... for $0.98 currently ...... easily a 2000% banger for fair value/price on this stock. Realistic target for stock price = $53.00Longby GoldenCrowleyPublished 2
$KWEB - breaking outAMEX:KWEB looks like it is breaking out of the descending wedge. If you zoom out the IHS is still intact. If the price can get above $28.50 it could run to $31 - $33 area. Downside risk is $26 - $25. Not an investment advice.Longby PaperBozzPublished 1
All Roads Lead to China $KWEB $CQQQNo government is performing at a higher level than China's. The biggest risk is they take Taiwan. If that happens any investment you have there could get frozen or could get banned or could get out right stolen. That said I think they take Taiwan by election eventually because even there it is close. There is a big pro China population in Taiwan most people do not talk about. The upside is if over the next 20 years they become more rule of law, more into developing their own tech. Overtime the market will give them a better multiple and will gain trust in China. Trust right now is lower than its been in a couple decades. It might improve a lot over time depending on their policy and actions. Obviously they could also gain if there's more mistrust of the USA's rule of law if it goes that way in the next couple decades too.Longby inanis_Published 3
KWEB - Perking up?KWEB had a nice hold at the golden pocket and volume has started to pick up on up days and tail off on down days. With the Nikkei making new 33 year highs and the US markets looking a little long in the tooth, China may be the place to take a shot. Moving averages flattening out and starting to rise. KST, MACD and RSI looking good! Yesterday's move down didn't quite fill the gap but I'm not quibbling over a a few cents. Lots of upside here if China economy can start to pick up after a long period of economic woes due to pandemic. Longby BobbySpaPublished 1
$KWEB - Looking goodAMEX:KWEB #KWEB Looking good. If the price can break above $28.85, it can go to $33.30 area near term. Downside risk is $25.30.Longby PaperBozzPublished 0
Chinese Internet Stocks - KWEBnext leg up possibly starts very soon. Looking like an inverted head and shoulders bottoming pattern here, and with daily and weekly bullish divergences on RSI, I would think continuation up is likely. Over 34.5 would be a big step forward and could take it to the 50 area again. Good luck!Longby the_sunshipPublished 6
KWEB: patience is neededfor personal use KWEB tracks the CSI Overseas China Internet Index, which consists of China based companies whose primary business or businesses are focused on internet and internet-related technology.Longby KhanhC.HoangPublished 0
$KWEB: Timing is right here 👌This is China's internet ETF and a good stock to diversify your portfolio if you have too much exposure to US markets. Look to jump in when the price is above $28.50. Longby raamrajPublished 0
$KWEB- IHS still possible#KWEB recent pull back threatens the IHS formation. So far its recoverable and still possible, if things reverse from here. Its at critical resistance area. 👀 Tip: add 20 EMA to your chart and you can spot patterns easier. Longby PaperBozzPublished 0