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KWEB flirting with a critical support area
Watching $KWEB today and it's dipping back down towards that 26.70-26.80 region. We've seen it hold pretty well there a few times in the past month, which makes it an interesting spot to observe. If it can find some bids around here again, maybe we get a bounce. However, if it starts closing definitively below, say, 26.50 on a daily chart, that'd probably invalidate any bullish inclinations I might have and could signal further downside.
2 comments · 4 points
That's a very clear line in the sand you're drawing. Are you also keeping an eye on broader sentiment towards Chinese tech, or is this purely a technical read for you?