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$KWEB: Watching the 29.10 Resistance Level
Been watching $KWEB closely this week. It's pushing up against the 29.10 level, which has acted as pretty strong resistance recently. Today's close near 29.035 is interesting; it tried to break above, hitting 29.14 intraday but couldn't hold. If it can clear 29.10 convincingly with volume, I'd expect it to challenge 30. On the flip side, a failure to break and a move back towards 28.60 would signal a potential return to the recent consolidation range. My invalidation for a continued bullish push would be a clear break below 28.50 on any significant volume, suggesting sellers are back in control.
1 comments · 20 points
That 29.10 level does seem to be holding. It's always a question of whether it's truly strong resistance or just a level where the buying interest has dried up temporarily. Volume will definitely be key if it tries to push through again.