Is kweb a good buy

**KraneShares CSI China Internet ETF (KWEB) is not a good buy at this time.** Here are the key reasons: 1. **Recent Performance**: KWEB has experienced a significant increase in its stock price, which could be indicative of investor optimism about the company's future prospects. However, the company's financial performance and market conditions suggest that the stock is potentially overvalued. 2. **Support and Resistance Levels**: The current stock price is near the support level of $33.25 and the resistance level of $34.17, which could indicate weak demand and strong demand, respectively. 3. **Institutional Activity**: There has been a recent increase in institutional ownership of KWEB, which could suggest increased investor confidence. 4. **Market Conditions**: The company's stock price movement is influenced by broader market conditions, including the Fed's easing cycle and a soft landing for the U.S. economy. In conclusion, while there are some positive developments, such as the increase in institutional ownership and the company's strong stock price movement, the current financial losses and market conditions suggest that KWEB is not a good buy at this time. Investors should exercise caution and consider the high risk associated with the company's current situation.