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|
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|
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.