$KWEB - Can it complete the inverse head and shoulders pattern?
KWEB There is a good chance that the inverse head and shoulders pattern might complete, and the stock could run to the $47 area.Earnings from
BABA, 
JD, and 
PDD were way better than expected.With the media and analysts pounding on the Chinese economy daily, sentiment on the Chinese economy is at its lowest point ever. A little bit of positive news could drive Chinese tech stocks higher.
Upside targets:
$35
$40
$47
Downside risk:
$24
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.