$KWEB - Can it complete the inverse head and shoulders pattern?

KWEB There is a good chance that the inverse head and shoulders pattern might complete, and the stock could run to the $47 area.

Earnings from BABA , JD , and PDD were way better than expected.

With the media and analysts pounding on the Chinese economy daily, sentiment on the Chinese economy is at its lowest point ever. A little bit of positive news could drive Chinese tech stocks higher.

Upside targets:
$35
$40
$47

Downside risk:
$24