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Technical Analysis: The Nightmare Could Be Ending in Chinese Tech Stocks

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The last year for Chinese technology stocks has been nothing short of a nightmare. But now there could be signs of a turn in the KraneShares CSI China Internet ETF, which holds key names like Tencent and Alibaba.

The 8-day exponential moving average was under the 50-day simple moving average since March. But last week, that faster-moving line rose above the slower one for the first time.

Next, KWEB has stabilized around …

For more, please click here to view the related idea and chart analysis on TradingView.

KraneShares CSI China Internet ETF (KWEB), daily chart with selected patterns, courtesy of TradingView.

About the author

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.