ContraryTrader

Channel trade

Long
NASDAQ:NTES   NetEase, Inc.
I traded this stock a few times before it split 4 ways back in october. After the split in moved sideways a bit so I set an alert and was surprised when my alert kicked in last week when it crossed 97$. Never got in the trade and I was peeved when it shot up to 20$ in 4 days. It's at the bottom of it's new uptrend channel , selling pressure lowered and OBV is crossing.

Gold line /Support
Greenline/ Target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.