No Tariffs on Stock PRICES:
Certainly, the above statement is a weak stab at humor, but Chinese ETFs are standing tall in 2025 for the most part. Below is the daily chart of the KWEB, whose only blemish was the recent doji candle which should have had long shareholders at least shaving around a core position. It is now just 2% above a double-bottom and that could be a logical spot for those who missed the nascent strength to initiate a position. On its WEEKLY chart, last week completed a bearish evening star pattern that also traded into a former ugly engulfing candle the week ending 10/11/24 that dropped 9%. The MONTHLY chart will need to show a CLOSE above the 50 MONTH SMA in March which would be its second straight since July 2021 (notice the bearish gravestone doji candle at the very round 90 number from February 2021 that started a long slide). BABA has to be considered best in breed but with a possible bearish MACD crossover and being extended look for this to trade back toward its cup base breakout pivot of 117.92 from 2/12 before a resumption of the uptrend (notice the dojis from 10/2 and 10/7/24 that commenced the cup pattern).