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 …

For more, please click here to view the related idea and chart analysis on TradingView.

KraneShares CSI China Internet ETF (KWEB), daily chart with selected patterns, courtesy of TradingView.
Advertisement #1 Trading Platform Technology - 8  years running!