{"id":196987,"date":"2024-08-21T08:09:45","date_gmt":"2024-08-21T12:09:45","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/chart-advisor-exploring-chinese-markets\/"},"modified":"2024-08-22T09:30:49","modified_gmt":"2024-08-22T09:30:49","slug":"chart-advisor-exploring-chinese-markets","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/","title":{"rendered":"Chart Advisor: Exploring Chinese Markets"},"content":{"rendered":"\n<p>By&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=e614719240d94f768254ffb0e55b3ca2&amp;_e=rIK6IE8HvwvEhbtJq7JzF_Ha2ZPpibIE7acFB462A4-H5Qy0wmtiaGiVYSihbZx_uuWHDDYvzqM7h58Ot0CSE9Isa1ozcUcvUB2KtXijzGOWYP-bulhBQI1OC3lGYCICMJw8RiXGA8DXRMgL2S7KQ6teu6Ojo5uM4tEG7Dr19BwvZiJUdVHHbO2A0xQP-f3ODoh-AJjF4BjQ2t4csI0sief0t6yOr9IrDHiqUC5-d3gXeJ4hl24feP5wTCraxWPo4cHXo4WRG2EUqg8ZBho0-VvOtTrkMcOlMzUYbbXACjDR21USQPmUqnrfhtgsywTvFkGIVSxlAEbW-tjlnZ_FylkYi5Ka9pE_jl5a_y4Z3Ye3UA63iiMQk3ZrDTaNzL-FhLazvOOew-Tacc1lyx6WuG1gVxoPE5x9ZC8wh5NipvZ0sLYo7n_3cpJSXWXiudTjBbvpkOS9XCNOlFo_C4C4SFkrDAssImP71vPyrx-0g4U%3D\">John Salama, CMT<\/a><\/p>\n\n\n\n<p><strong>1\/ China Internet Faces Decline Amidst Weakness<\/strong><\/p>\n\n\n\n<p><strong>2\/ Energy Sector Anticipates Potential Downturn<\/strong><\/p>\n\n\n\n<p><strong>3\/ Ark Rally Hits Resistance, Drop Expected&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>4\/ Bitcoin Struggles Amid Stagnant Range&nbsp;<\/strong><\/p>\n\n\n\n<p><em>Investopedia is partnering with CMT Association on this newsletter. &nbsp;The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1\">1\/<\/h2>\n\n\n\n<p><strong>China Internet Faces Decline Amidst Weakness<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"495\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/08\/8211-1100x495.png\" alt=\"\" class=\"wp-image-196994 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1100x495.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-700x315.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-300x135.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-768x346.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1536x691.png 1536w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/495;\" \/><\/figure>\n\n\n\n<p><em>Courtesy of barchart<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results.<\/p>\n\n\n\n<p>Earlier this week, I pointed out the challenges facing Chinese markets, and the KraneShares CSI China Internet ETF (KWEB) exemplifies this frustration. Concentrated in top holdings like Pdd Holdings, Ke Holdings, and Vipshop Holdings, KWEB dropped 4% today amid aggressive selling. Since peaking at $32.63 on May 17th, the ETF has consistently made lower highs, with a flatlining 200-day moving average at $27.00.<\/p>\n\n\n\n<p><br>Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought conditions in May, when its Relative Strength Index (RSI) surpassed 70 for about a week and a half, leading up to its 52-week high. For the last six months, the 200 DMA has remained flat, indicating a lack of momentum.<\/p>\n\n\n\n<p><br>Similar to the broader China ETF FXI, KWEB dropped to $24.80 during the Japan crash on August 5th before rallying 10.5% to $27.41 two weeks later. However, nearly half of those gains were wiped out today. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2\">2\/<\/h2>\n\n\n\n<p><strong>&nbsp;Energy Sector Anticipates Potential Downturn<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"495\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/08\/8212-1100x495.png\" alt=\"\" class=\"wp-image-196993 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8212-1100x495.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8212-700x315.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8212-300x135.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8212-768x346.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8212-1536x691.png 1536w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8212.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/495;\" \/><\/figure>\n\n\n\n<p><em>Courtesy of barchart<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results.<\/p>\n\n\n\n<p>Yesterday, I highlighted frustrations in the crude oil market, and today I\u2019m turning to the S&amp;P 500 Energy Sector SPDR (XLE), which is heavily weighted with Exxon Mobil Corp and Chevron, comprising 40% of the ETF. After bottoming out at $78.98 on January 18th, XLE surged to its 52-week high of $98.97 by April 12th, marking a 25% gain in just three months. Since June, the 200-day moving average (200 DMA) has flatlined at $88.66, serving as strong support since March when XLE began a month-long overbought phase driven by geopolitical tensions in the Middle East.<\/p>\n\n\n\n<p><br>XLE has been confined to a 12% range between $85 and $95 since May. Following an 8% rally from the Japan crash until August 19th, energy stocks are down 2.6% today closing just above the 200 DMA.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3\">3\/<\/h2>\n\n\n\n<p><strong>Ark Rally Hits Resistance, Drop Expected&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1100\" height=\"492\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/08\/8213-1100x492.png\" alt=\"\" class=\"wp-image-196991 lazyload\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/492;width:950px;height:auto\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8213-1100x492.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8213-700x313.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8213-300x134.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8213-768x344.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8213-1536x687.png 1536w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8213.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p><em>Courtesy of barchart<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results.<\/p>\n\n\n\n<p>The Ark Innovation ETF (ARKK) has experienced a remarkable rally since hitting a low of $36.85 during the Japan crash on August 5th, surging to $45.09 just two weeks later\u2014a 22% gain. The fund reached its 52-week low on October 30th, as the &#8220;Higher for Longer&#8221; interest rate narrative took a toll on many of the pre-profitable companies within the ETF. However, it rebounded strongly, climbing 62% in two months to hit a 52-week high of $54.52 during Christmas week, underscoring the volatility of its components.<\/p>\n\n\n\n<p><br>Key holdings in ARKK, managed by Cathie Wood, include Tesla, Roku, and Coinbase, which together make up 31% of the ETF. Since April, ARKK has been range-bound between $37 and $50, with its 200-day moving average (200 DMA) now showing some upward slope at $46.32. However, the ETF has struggled to maintain levels above its 200 DMA for any significant period since April. It was last overbought in mid-July, reaching a 78 RSI as it hit its three-month highs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4\">4\/<\/h2>\n\n\n\n<p><strong>Bitcoin Struggles Amid Stagnant Range&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1100\" height=\"505\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/08\/8214-1100x505.png\" alt=\"\" class=\"wp-image-196990 lazyload\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/505;width:950px;height:auto\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8214-1100x505.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8214-700x321.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8214-300x138.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8214-768x352.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8214-1536x705.png 1536w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8214.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<p><em>Courtesy of barchart<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results.<\/p>\n\n\n\n<p>Bitcoin, the top-performing asset both year-to-date and over the past 52 weeks, has recently struggled to&nbsp;break out after reaching its all-time high of nearly $74,000 on March 14th. While it hasn\u2019t entered oversold&nbsp;territory in the past year, it was overbought from mid-October through mid-November, and again from&nbsp;mid-February through mid-March as it climbed to those record highs. The 200-day moving average (200&nbsp;DMA), currently near $57,000, continues to provide strong support. Bitcoin has remained above this key&nbsp;support level for nearly the entire past year, even during its 52-week low of $25,000 in September.<\/p>\n\n\n\n<p><br>Despite multiple ETF approvals for Bitcoin and other cryptocurrencies like Ethereum, investors remain\u00a0frustrated as BTC has been stuck in a $50,000 to $74,000 range for the past six months.<\/p>\n\n\n\n<p>&#8212;-<\/p>\n\n\n\n<p>Originally posted 21st August 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By&nbsp;John Salama, CMT 1\/ China Internet Faces Decline Amidst Weakness 2\/ Energy Sector Anticipates Potential Downturn 3\/ Ark Rally Hits Resistance, Drop Expected&nbsp; 4\/ Bitcoin Struggles Amid Stagnant Range&nbsp; Investopedia is partnering with CMT Association on this newsletter. &nbsp;The contents of this newsletter are for informational and educational purposes only, however, and do not constitute [&hellip;]<\/p>\n","protected":false},"author":186,"featured_media":196988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[151,335,15,146,147,8,12,153,22,148,7],"tags":[1078,950,845,1344,1498,2161,1063,2095,959],"contributors-categories":[503],"class_list":{"0":"post-196987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asia","8":"category-etfs","9":"category-forex","10":"category-macro","11":"category-north-america","12":"category-region","13":"category-securities","14":"category-stocks","15":"category-technical-analysis","16":"category-text-articles","17":"category-traders-insight","18":"tag-arkk","19":"tag-btcusd","20":"tag-crypto","21":"tag-dma","22":"tag-fxi","23":"tag-kweb","24":"tag-spdr","25":"tag-vwap","26":"tag-xle","27":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: Exploring Chinese Markets | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196987\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: Exploring Chinese Markets\" \/>\n<meta property=\"og:description\" content=\"Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought conditions in May, when its Relative Strength Index (RSI) surpassed 70 for about a week and a half, leading up to its 52-week high. For the last six months, the 200 DMA has remained flat, indicating a lack of momentum.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T12:09:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-22T09:30:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"864\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Chart Advisor: Exploring Chinese Markets\",\n\t            \"datePublished\": \"2024-08-21T12:09:45+00:00\",\n\t            \"dateModified\": \"2024-08-22T09:30:49+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/\"\n\t            },\n\t            \"wordCount\": 734,\n\t            \"commentCount\": 0,\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/08\\\/8211-1.png\",\n\t            \"keywords\": [\n\t                \"ARKK\",\n\t                \"BTCUSD\",\n\t                \"crypto\",\n\t                \"DMA\",\n\t                \"FXI\",\n\t                \"KWEB\",\n\t                \"SPDR\",\n\t                \"VWAP\",\n\t                \"XLE\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Asia Pacific\",\n\t                \"ETFs\",\n\t                \"Forex\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Technical Analysis\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/\",\n\t            \"name\": \"Chart Advisor: Exploring Chinese Markets - IBKR Campus EU\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/08\\\/8211-1.png\",\n\t            \"datePublished\": \"2024-08-21T12:09:45+00:00\",\n\t            \"dateModified\": \"2024-08-22T09:30:49+00:00\",\n\t            \"author\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"description\": \"Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought conditions in May, when its Relative Strength Index (RSI) surpassed 70 for about a week and a half, leading up to its 52-week high. For the last six months, the 200 DMA has remained flat, indicating a lack of momentum.\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#breadcrumb\"\n\t            },\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/08\\\/8211-1.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/08\\\/8211-1.png\",\n\t            \"width\": 1920,\n\t            \"height\": 864,\n\t            \"caption\": \"KS CSI, China Internet ETF, Candlestick chart.\"\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-chinese-markets\\\/#breadcrumb\",\n\t            \"itemListElement\": [\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 1,\n\t                    \"name\": \"Home\",\n\t                    \"item\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 2,\n\t                    \"name\": \"Chart Advisor: Exploring Chinese Markets\"\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus EU\",\n\t            \"description\": \"\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t            \"name\": \"Contributor Author\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: Exploring Chinese Markets | Traders' Insight","description":"Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196987\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: Exploring Chinese Markets","og_description":"Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought conditions in May, when its Relative Strength Index (RSI) surpassed 70 for about a week and a half, leading up to its 52-week high. For the last six months, the 200 DMA has remained flat, indicating a lack of momentum.","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/","og_site_name":"IBKR Campus EU","article_published_time":"2024-08-21T12:09:45+00:00","article_modified_time":"2024-08-22T09:30:49+00:00","og_image":[{"width":1920,"height":864,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png","type":"image\/png"}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: Exploring Chinese Markets","datePublished":"2024-08-21T12:09:45+00:00","dateModified":"2024-08-22T09:30:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/"},"wordCount":734,"commentCount":0,"image":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png","keywords":["ARKK","BTCUSD","crypto","DMA","FXI","KWEB","SPDR","VWAP","XLE"],"articleSection":["Asia Pacific","ETFs","Forex","Macro","North America","Region","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/","url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/","name":"Chart Advisor: Exploring Chinese Markets - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png","datePublished":"2024-08-21T12:09:45+00:00","dateModified":"2024-08-22T09:30:49+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"description":"Despite only briefly entering oversold territory\u2014one day in January near its 52-week low and one day in June\u2014KWEB experienced a period of overbought conditions in May, when its Relative Strength Index (RSI) surpassed 70 for about a week and a half, leading up to its 52-week high. For the last six months, the 200 DMA has remained flat, indicating a lack of momentum.","breadcrumb":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png","width":1920,"height":864,"caption":"KS CSI, China Internet ETF, Candlestick chart."},{"@type":"BreadcrumbList","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-chinese-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"Chart Advisor: Exploring Chinese Markets"}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.eu\/campus\/#website","url":"https:\/\/ibkrcampus.eu\/campus\/","name":"IBKR Campus EU","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.eu\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.eu\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/08\/8211-1.png","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/196987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/comments?post=196987"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/196987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/196988"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=196987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=196987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=196987"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=196987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}