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These letters take great effort and time and are purposefully for education only. I give out no advice & only show my followers the technicals that appear to me.
KWEB
The monthly candle looks promising as of right now!
If the Chinese tech index can manage to close above the $24 level then this may be a bottom with an uptrend move to come.
Take a look at the weekly chart. One can note that the volume is quite massive also down here ever since the long-term top in the end of 2021.
China names have been beaten down while U.S. equities have risen to All-Time highs which could factor in a catch-up rally.
For those of you that don’t follow me on X go ahead and follow my account here.
NIO
This stock has been in a huge downtrend since the top in 2020/2021. This is still a falling knife technically although beginning to purchase shares here is a good idea as long as NIO can manage to get back above support soon at $7.
If BABA begins to catch a bid it’s likely other Chinese names will bid with it, begin to watch for higher volume accumulation and a sharp move back to the upside and this one may be able to run.
MSFT
This is another one I mentioned on X and the breakout that followed was amazing. This one has now practically taken over Apple’s market cap which is highest in the U.S. stock exchange.
Since this post, Microsoft has been up 20 handles and nearly 10%.
Ever since Microsoft got connected to OpenAI they have benefitted nearly the most amongst the tech stocks besides Nvidia. The
$420 target is to watch here.
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