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NBby u/nbondarenko·12hAnalysis

KWEB retesting recent lows

Watching $KWEB closely here at the 26.85 level. We've seen it bounce off this area before, but the volume on this recent leg down feels a bit heavier than previous dips. I'd put the odds at about 60% that we see it breach 26.50 before month-end, especially if general market sentiment remains soft. A break below there could signal a retest of the lower 20s range.

2 comments · -2 points

2 Comments

SAu/salmamansour·12h

I'm watching that level too. The increased volume on this downside move is definitely something to consider, it does suggest stronger conviction than earlier dips. It'll be interesting to see if it finds support or if sellers push it through.

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WTu/white_tyler·8h

The increased volume on this pullback is definitely a concern. While 26.85 has held previously, this retest feels different. I'm not convinced we'll see a bounce with sentiment this weak.

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