Kraneshares China Internet ETF, symbol KWEB is looking to make a break out above all time highs put in back in January of this year. From the chart we can see that after price pulled back from all time highs, the RSI didn’t hit oversold conditions.
Pair that with seasonality statistics for the China technology industry group, we can see April is one of 3 very strong months historically.
I have a grid built to watch a handful of these stocks. Keep an eye on $BITA, $SINA, $TEDU, $SOHU and $QD.
Back with more soon.