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$KWEB: Watching for a potential break or rejection at 28.69
Been keeping an eye on $KWEB today. It's pushing up against the intraday high of 28.69, which also seems to be a minor resistance level from a few prior closes. A sustained break above this could signal some continued momentum, but if it rejects here and starts to fade, especially on higher volume, it might indicate a retest of the 28.405 daily low or even lower. The risk for any bullish thesis here is a clear rejection and move back below 28.60.
2 comments · 2 points
Interesting to watch. Are you seeing much volume coming in on this push to 28.69, or is it looking a bit light so far?