As of March 24, 2026, KWEB (KraneShares CSI China Internet ETF) is in a falling knife state on the weekly chart, with a confidence level of 67%. Key support is at $28.0 and key resistance at $33.6. Weekly selloff to ~$28.44 with RSI(14) ~27; price broke below clustered mid-MAs and is pressing into the ~$28-$30 support area near long-term SMA200.
Support test/possible undercut at the $28 area (SMA200 zone), then a technical bounce (bear-market rally) toward the broken MA cluster; expect sellers to defend $33-$35 unless a base forms.
Continuation lower: lose $28 support decisively, triggering stops and momentum selling into the next demand pocket; any bounce likely retests $28-$30 from below before rolling over.
Confirm FALLING_KNIFE on a weekly close below $27.30.
Invalidate FALLING_KNIFE on 2+ weekly closes back above $33.60 (EMA100) holding.
Start near SMA200/support ($28); add on breakdown-to-next-demand (~$26); heavy add near prior major pivot/likely fib-extension demand (~$23-$24) if capitulation prints.
Trim into reclaimed MA cluster/likely wave-(B) bounce ($34-$36), trim more near prior distribution/swing resistance ($39-$41.5), and close into/above prior peak extension zone ($45-$48).
As of March 24, 2026, KWEB (KraneShares CSI China Internet ETF) is in a falling knife state on the weekly chart with 67% confidence. Weekly selloff to ~$28.44 with RSI(14) ~27; price broke below clustered mid-MAs and is pressing into the ~$28-$30 support area near long-term SMA200.
On the weekly timeframe, KWEB has key support at $28.0 and key resistance at $33.6. The most likely scenario (bullish) targets $31.2 and $34.4, with a revert level at $29.2.
KWEB (KraneShares CSI China Internet ETF) is currently classified as falling knife on the weekly chart, with 67% confidence. Confirmation requires: Confirm FALLING_KNIFE on a weekly close below $27.30. This would be invalidated by: Invalidate FALLING_KNIFE on 2+ weekly closes back above $33.60 (EMA100) holding.
The most likely scenario (bullish) targets $31.2 and $34.4, with a revert level at $29.2. The alternative scenario (bearish) targets $26.0 and $23.5.
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