$KWEB - WATCHLIST -
Added 2024-04-11 04:45:35 +0000 UTCVery interesting here from $KWEB.
Price is exactly at the wedge breakout level, the 200 Day MA and the 0.5 Fib....making this a very strong confluence level at $26.90.
A break above this level and holding and $KWEB has broken out of a wedge that it has been in since the start of 2023.
The price has found it difficult to hold above the 200 Day MA too, so flipping this level to support and holding will be a trend change...this also aligns with how we are seeing the HSI, $BABA and $BIDU.
We do not want to see another rejection here now.
