KWEB (Chinese Internet ETF) Pushes Up Against Multi-Year Resistance
by Mike Paulenoff
August 24, 2025 • 4:00 PM EDT
On February 18, 2025, this is what I posted on MPTrader about KWEB (Chinese Internet ETF) that alerted traders to a potentially explosive setup that should keep KWEB on our radar screens going forward :
My attached Daily Chart shows that KWEB is attempting to emerge from a huge, three-year rounded base-accumulation setup that projects much higher prices as the price structure climbs the "recovery wall of worry" in the aftermath of the relentless bear phase from the February 2021 ATH at 104.94 to the October 2022 low at 17.22... Last is 35.60...
This past Friday (8/22/25), KWEB recorded a post-market final trade of 38.58, above its 11-month down trendline, pushing up against a multi-year resistance zone between 38.80 and 39.40 that, if (when?) hurdled and sustained, will trigger much higher intermediate-term price potential (See my attached Daily Chart).
Although the underlying reasons for the pent-up price strength are debatable, such as reduced perceived trade tensions between the U.S. and China, Chinese Government policy support, Chinese breakthroughs in AI technology, and relatively attractive valuations compared to U.S. big tech companies, there is less debate that, technically, the 3+ year base-accumulation period is telling us something very positive is brewing in the Chinese tech sector.
In any case, next week in particular, with NVDA reporting Earnings on Wednesday evening, should be extremely telling for KWEB as well.
Join us ASAP at MPTrader for our ongoing analysis and discussion about KWEB, as well as many other ETFs, individual stocks, macro indices, commodities, precious metals, and cryptocurrencies...
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts
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