China BigTech - KWEB ETF

☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.

Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram, which is already in a bullish divergence.

However, in February 2021, there was a 19.83% move up from the channel. Such a pull-out can be repeated down to the $40 support line.

Not a financial recommendation.

GET RICH OR DIE TRYIN