Very clean breakout for $KWEB, the 200 Day MA and the 0.5 Fib at $26.69 was also at the breakout level so it was a strong confluence level, meaning that the bulls stepped in strong to break through this level
What I would like to see next here is a retest of this breakout level before moving higher, I think this will be needed on the HSI too, after running 12% over 10 days now.
$KWEB is a China Internet ETF so it bodes well for our holdings in $BABA and $BIDU
Diana
2024-04-29 12:23:54 +0000 UTCYaso
2024-04-29 11:20:17 +0000 UTCGareth Neary
2024-04-29 10:06:51 +0000 UTCTommyJR
2024-04-29 10:04:00 +0000 UTC