KWEB Technically Is Good
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KWEB Technically Is Good
Seeing KWEB (China internet stocks ETF) sitting right at the anchored VWAP off the March lows after breaking out and confirming a downside reversion. This was based on how the rate of change off that low. Risk reward is now to the upside against these levels. I'm targeting the 41.5 area from here which is an easy 25% + with only a few % of risk.
Even a 32% retracement would get us to the 50 area.
