China Technology Stocks Reviews (11 Feb 2019)

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By Soh YJ

 

KWEB is the china technology ETF that consists of the majority of internet technology stocks that is traded in US Exchange. The china technology had fallen 47% since Jan 2018. Current resistance is at $45.

 

KWEB Month candlestick

KWEB daily candlestick

 

 

Other indicators on KWEB

Simple Moving Averages: 20 > 50 SMA, 50 < 150 SMA. Mild Bull.

MACD: Above the 0 line but flattening. Mild Bull.

Force Index: Above 0 line. Positive buying volume, but sloping down. Mild Bull.

 

Top 3 Holdings of KWEB (08 Feb 2019)

Ticker YTD 1 WK 1 MTH 3 MTH 6 MTH 1 YR 2 YR 5 YR
KWEB 0.91 -1.50 6.18 4.90 -19.22 -26.09 8.10 22.70
0700.HK -0.58 0.23 5.49 23.78 -7.25 -15.17 62.87 215.04
BABA 0.24 0.22 10.16 15.54 -5.55 -5.27 66.49 78.25
BIDU -0.98 -3.12 -1.96 -7.54 -22.73 -21.22 -8.25 1.44

Performance in %

Ticker Last close price

08 Feb 2019

Immediate Support Immediate Resistance 50 / 150 SMA 20 / 50 SMA
KWEB 43.25 42.42 45 41.13 / 46.3 42.01 / 41.13
0700.HK 345.60 337 376 321.05 / 326.00 336.86 / 321.05
BABA 167.36 164.50 170.84 151.91 / 160.71 160.10 / 151.91
BIDU 169.90 165.00 170.01 / 202.18 168.51 / 170.01

 

Opinions

Some of the china technological stocks are trending up since January 2019 and the 20 /50 SMA show mild bullish. In addition, the MACD have broken up the 0 line for the first time since early 2018. It may be an reversal for the china technology stock, but investors may exercise caution as the 50 / 150 SMA remain bearish.

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