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Kraneshares China Internet a whisker from a 3B buy signal

June 8, 2022

KWEB is so close to giving a 3B (trend line, m/a, Coppock) buy signal that I have marked it as a blue on the chart. If the blue is confirmed by the end of June numbers then KWEB will be a buy and hold until we have a confirmed red, which hopefully will be many months away. The message of the chart is that Chinese shares are turning higher after a severe decline which saw this ETF lose 80pc of its value.

The top 10 holdings are all the ones you would expect.

Seven of these shares are in the QV portfolio. I prefer the smaller, faster growing ones but this ETF is excellent to provide coverage of the larger ones. The fact that it is so close to giving a 3B buy signal is encouraging for the whole sector. The shares are UCITS so they can be bought in a UK share account.

Kraneshares China Internet ETF. KWEB. Buy @ $33.3

I suspect the brilliant web designer who is creating the Quentinvest web site is going to read this and not be pleased because I have yet to master some of his latest innovations but I will. KWEB shares look promising and an excellent way to buy into the developing recovery in Chinese shares. The latest rally looks very different from other rally attempts since the decline began.

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