Technical Analysis: The Nightmare Could Be Ending in Chinese Tech Stocks


The last year for Chinese technology stocks has been nothing short of a nightmare. But now there could be signs of a turn in the KraneShares CSI China Internet ETF, which holds key names like Tencent and Alibaba.

The 8-day exponential moving average was under the 50-day simple moving average since March. But last week, that faster-moving line rose above the slower one for the first time.

Next, KWEB has stabilized around …

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KraneShares CSI China Internet ETF (KWEB), daily chart with selected patterns, courtesy of TradingView.
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