AcornWealthCorp
Short

NTES - Upward channel breakdown, short from $228.93 to $200.33

NASDAQ:NTES   NETEASE INC - AMERICAN DEPOSITARY SHARES, EACH REPRESENTING 25 ORDINARY SHARES
45 0 5
NTES             breaking down from a macro frame upward channel. It also looks like a Inverse Bump & run formation. Moneyflow was diverging all the way to the upside & now broken to the down side. We think it will decline further & our first target area is $200

On the option side we would consider $230 March Puts

You can check our detailed analysis on NTES             in the trading room/ Executive summary link here-
https://www.youtube.com/watch?v=Ewm9xNWn6LU
Time Span: 8:35"
Trade Status: Pending
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