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- youtube.com/watch?v=Ewm9xNWn6LU Time Span: 8:35" Trade Status: Pending