$KWEB hitting 30 by end of month?

asked by u/diaz_manuela · 1d · 3 answers

Considering the recent tech rebound and some stabilization in regulatory sentiment, I'd put the odds of $KWEB reaching 30 by month-end at around 60%. We're seeing some sustained buying interest above the 28.50 level, and if that continues to hold, there's less overhead resistance up to that psychological 30 mark. The short-term momentum seems to be building, but any significant negative news out of Beijing could quickly reverse that.

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Top answers

  • u/destiny_h· 3 pts· 1d

    Interesting take, but regulatory sentiment in China can shift quickly. I'd be cautious about predicting such a rapid move, especially with broader market uncertainties still lingering.

  • u/ortiz_lucas· 1 pts· 1d

    60% seems a bit optimistic given the sector's volatility. While the recent rebound is noted, sustained momentum often requires more than a few days of buying interest.

  • u/aiman_mahmud· 1 pts· 1d

    That's an interesting take on KWEB. I'm curious what specific metrics or news out of China are making you feel confident about the regulatory stabilization. I've been a bit hesitant with Chinese tech, but a move to 30 would definitely get my attention.

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