$Alibaba (BABA.US)$$KraneShares CSI China Internet ETF (KWEB...
$Alibaba(BABA.US$ $KraneShares CSI China Internet ETF(KWEB.US$
Baba has closed green today. The sellers had trouble even trying to keep baba in the red with the low volume selling. Buyers are stepping in now and we can already see the demand overpowering supply here with low volume day as there is basically no more supply.
Baba has closed green today. The sellers had trouble even trying to keep baba in the red with the low volume selling. Buyers are stepping in now and we can already see the demand overpowering supply here with low volume day as there is basically no more supply.
Those who wanted to sell, already sold. Those who wanted to take profit already did. The rest are waiting for higher prices. Past 3 days were signs the sellers were weak and buyers were about to take over. We saw that today and it should continue on Monday as well.
Overall US indices has finished their pullback and now heading to new highs with SPX leading the way today. China has also switched focus to economic growth instead of clampdown and will make economic growth their priority in 2022 after all the regulatory fines in 2021.
This are signs the Kweb etf should start recovering from here which I mentioned 39 should be it's bottom. It has yet to break 43.40 which was the resistance to show the 39 drop was the spring. But it should as soon as next week.
However fomc next week will still be the topic in focus. But it should all already be priced in like today CPI 6.8% data.
As always, trade safe & invest wise!
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T将军 : seems funds start to buy, big volume bought at 125.06...
Investing 101OP T将军: Yes. Last 15mins is usually funds buying. As they can only initiate order 15mins before market closes.
T将军 Investing 101OP:
103094266 : waiting for next bad news on VIE regulations, so can buy below 105^^
Investing 101OP : Bad news just released 2hrs ago. Us sanction China again on human right issues.
T将军 Investing 101OP: Many foreign companies have this kind of structure and should be taxed. It's very common, I don't think it will have any impact
Investing 101OP T将军: Hope so too. Let's see on Mon!
103094266 : Monday, US FED will have meeting on raising the interest rate to control the inflation. May have small fluctuation!
Investing 101OP 103094266: It's Wednesday. Monday only opec. Anyway next week is OpEx week again. Gonna, be quite flat
MonkeyGee : That's not the buyer it's the seller than a break for xmas