In spite of the negative noise directed at China, $KWEB is holding up considerably well and in a strong position to take full advantage of any movement to the upside.
It is behaving in a controlled manner and although it has been moving sideways lately, considering the concerns, this is perfectly fine.
The 0.618 Fib is being used as a support line so far.....likely the market continues to wait for the news it needs to hear.
ALG
2023-08-24 00:44:02 +0000 UTC