$Alibaba (BABA.US)$ $KraneShares CSI China Internet ETF (KWE...

baba did a good move of 2% last night. Although not on the best volume as some has already started their thanksgiving holiday early. We should start to see bigger movements on Friday and even Monday.

Based on my analysis on Kweb, it has rebounded off my wedge support lines and it looking to make the move towards top of wedge now.
Which I had prepared by loading up on calls for kweb.

Kweb seems to be in an accumulation phase currently as my indicators has been pinging of divergences in volume and price action. However this does not mean every stocks in the ETF is in the same phase. And accumulation phase may take some time before we see the spring upwards.

But this short term general sentiment of kweb moving towards top of wedge should somehow help baba with the technical rebound. We will see if it does happen though and be prepared for all possibilities as the China Market may start selling off despite the good close we had yesterday.

As always, trade safe & invest wise!