KWEB trade ideas
October-november upside didi and baba got beaten from china gov. restrictions
once KWEB is above 66 all are set to be healthy
KWEB LONG: DOUBLE DIAMOND + CHANNEL BOTTOM + OSCILLATORS1. Price has drawn 2 diamonds (diamond in diamond) at the bottom of the increasing (purple) channel. Buy signal.
2. A cycle with a length of 756 days (25 months) is found, according to which the price is now at the bottom of the cycle. Buy signal.
3. All major oscillators and indicators are in oversold zones and give long signals.
4. It is necessary to remember about the resistance of the local downtrend (orange).
* At the same time, the fundamental background in China is still negative.
I entered a long position with a trailing stop loss below the lower edge of the small diamond. After breaking through and/or retesting the upper edge of a large diamond, and then after breaking through the orange resistance, I will buy more. In case the price falls, my trailing sell order will save me.
Not advice. Not a financial recommendation.
Buy $KWEB - NRPicks 20 AgoThe index is designed to measure the stock market performance of the investable universe of China-based listed companies whose core business or businesses are in the Internet and Internet-related sectors, and are listed outside of mainland China.
-99% Stocks
-98% Asia Emerging
-58% Large Cap Growth
-YTD -43% YTD
-Dividend Yield 0.50%
$KWEB China ETF on verge of breaking major downtrend
Perfect support on the POC, now sets up a break of downtrend and return to major pivot.
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China Rebound?I am making this play off technicals.
A channel trend line test and also a heavy fib support of the 382 supporting price.
382 and 618 targets above are labeled.
I am keeping a close eye to China media on updates.
They say, never try to catch a falling knife but here we are.
Happy Trading.
are chinese stocks done going down? volume detectedChinese growth names like BABA, BIDU, JD, TENCENT, have been destroyed in past weeks and months, while US indices stay high in the sky. Will the spread between Chinese tech and US tech slow/stop or reverse? Some of the Chinese names look attractive growth wise compared to the premium prices in US tech. Time will tell.
$KWEB hitting monthly Senkou Span BAs said in previous Chinese tech stock analysis, I am looking forward to adding big Chinese tech names during this crisis. In my opinion, the crackdown does not impose long term threat to these massive companies. China treats them as the only child, just beating them up when they get naughty.
$BABA $PDD $JD are my targets. Although they all move together, whichever generates Demark buy signals I will happily add. Next week, I will also watch if they come close to previous low on 27th July, to which I give a very high chance.
China BigTech - KWEB ETF☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.
Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram, which is already in a bullish divergence.
However, in February 2021, there was a 19.83% move up from the channel. Such a pull-out can be repeated down to the $40 support line.
Not a financial recommendation.
GET RICH OR DIE TRYIN
I hate China market !!!!This was what one of my followers from Singapore told me. I am not surprised not upset considering the slew of negative news (more to come) hitting the headlines.
From making profits to suffering losses of 20-50% of their portfolio, I can well relate and understand the sentiments as an investor!
Ok, let's put aside the emotions for a while and try to see things objectively ! Nobody can say for certain that the market is going to continue soar days after days, weeks after weeks ! On hindsight, now that many are feeling "paralyzed" either too scared to sell or already sold and still feeling soar about the losses may know that there were actually signs as early as last year from the Chinese government !
To buy or not to buy ? This remains the question of many as I am still receiving emails and PMs to look at certain stocks ! I can't promise I can answer all of your questions but I will try my best.
Apart from analysing the China Tech stocks, as an investor , it is important that we learn to spread our eggs into different baskets. So, there is geographic risks - ie, diversifying your portfolio into different countries. Well for me, I have stocks in SG, HK, CN, US and others.
Within the countries, you can further split them up into sectors such as consumer staples, healthcare, tech , etc. Now, if you put 100% of your eggs into tech stocks and when the market goes against you, then it is inevitable that your losses would be much higher than others. On the contrary, you also would be laughing yourself to the bank should the market goes to your favor.
Nobody can tell you for sure that the market has bottomed regardless of how sophisticated their indicators are. Not forgetting the market operates based on the collective emotions of these traders/investors. The general sentiment amongst the Chinese equity market is one of FEAR as many retail investors are speculators , some are not sure what they are buying and choose to follow blindly their leaders !
So, if you have 10,000 capital now, should you allocate into 5 parts of 2000 each and average down these tech stocks individually or geographically is a question that ONLY you can answer. Are you someone who likes to do research, analyse their financial performance or prefer the professionals to handle everything and you only be responsible to do the buying. If it is the latter, then choosing an ETF may be a better option. Again, within ETFs market, there are homework that you need to do as well in terms of market cap, performance history, expense ratio, etc.
No markets in the world goes up nor down indefinitely. There will come a time the market will stop bleeding and small players may come in to nibble. After some time, more will join the bandwagon before it starts to take off. This consolidation phase can take weeks, months or years and that is crucial as it determine what is your investment timeline. Are you after your profits within a year , 5 or 10 years. Each period will then determine your strategies and the type of assets class to choose from.
I hope this is helpful in some ways. Let's not knock down the good companies because some bad ones are being hit hard now. Be extra cautious now and patient.
China Internet ETF (KWEB) - Most O/S Since 2013 China Internet (KWEB) - Most Oversold Since 2013. Opportunity To Phase In?
The fallout may be providing opportunity for a small long position.
Some of the drivers:
- 7-week RSI at the lowest level since 2013. Reading of 11.
- Price at lower boundary of 200-week linear regression channel.
- Back-test of May 2020 breakout level.
At $47.65, the sharp decline appears to have opened up a mean reversion opportunity. There is a higher level of RISK so SMALLER positions apply.
I would look to buy at current levels or lower
Last: $47.65
Preferred range: $45.00-48.00
Stop: $38.00
Target Range: 58.00-67.00
$KWEB due for a bounce here at $46?Extreme bearish sentiment at $46 support? Looks due for a bounce to me. First upside target $66 and then $76. Unlikely to make it much higher than $76.
Watch for reactions to price action on key dates and levels on the chart.
Chinese tech stocks in the process of capitulationIt has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout.
Volume acceleration
Extension outside multiple time frame Bollinger Bands
Speed of sell off
Definitely a fierce counter-trend trade for more experienced traders that can manage risk and position size appropriately but I'd pay attention to it in this 42 to 46 zone for a reaction.
KWEB back to $70headed back to the volume shelf at $70.
Recently hit a floor and is bouncing back. The sentiment is horrible. "Be greedy when others are fearful"
FXI is worth a look too if you prefer a broader index.
$KWEB | Falling Wedge: Potential Bounce From Structure Retest$KWEB can bounce from the wedge retest. Watch for longs back to previous structure.
Target 73.25
Initial invalidation below 67.50
Absolute invalidation below 65
go long KWEBtrading below its VWAP from the previous high, Emerging Markets expected to outperform this year, KWEB is a good way to focus exposure in China while getting a diverse basket of high growth names that are titans over there with names like Alibaba, Tencent, Pinduoduo, Baidu, and JD.com.
Diversification is key especially as US markets top out in the near term
