AnnabelleTrader
Short

Why I Am Shorting NetEase Heavily, See The Reasons...

NASDAQ:NTES   NETEASE INC
36 0 2
I am shorting shares of NetEase Inc             (NASDAQ:NTES) simply based off valuation metrics and the stock chart. Both confirm a drop is pending within days. First, the stock is up from $130 in February 2016 to its current price of $270. This is over a 100% gain in 2016, an epic move no matter the stock . The next factor is more specific to the trading recently, which shows institutions unloading. On October 14th, 2016, NetEase Inc             shot to a new all-time high of $272.50 before reversing sharply. This formed a topping tail on the daily stock chart. Every day since, the stock has gone sideways and floated, never taking out the topping tail high of $272.50. This shows epic distribution (selling) by smart money and sets the table for a big fall. The downside is big, a simple retrace netting investors a drop to $208.00, or over at 20% correction. Check out the stock chart below and see the trade.

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