Perfect and clean... look to sell against the completed D point which is confluence with a long-term fib 3.618 extension..
Dear traders, I see a cup and handle pattern on the weekly chart. RSI, MACD, and StochRSI show some bullish momentum. If we break the resistance at $360-$370, we might see a potential run towards $530. Good luck! Disclaimer: This is not financial advice! Do your own research!
#NetEase is breaking the resistance, volume is below the average for now.
$NTES Sold off Friday on strong volume, closing well outside the recent bearish rising wedge pattern. Earnings are still to come this week, but if this recent price action is any indicator expect to see further near term declines. Targeting $185 support by mid to late March. Note: Informational analysis, not investment advice.
The price is starting phase 1. The slope of 30 MM is starting to balanced. If the price breaks the resistant, buy.
Directional Bias: Long Price Target: 175 Good Entry: 138-144 Risk/Reward: $5 max risk - $20 reward If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff. Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk...
Chinese Blizzard is great. Buy the dips and hold into 2019.
SImilar to my OLED post, NTES found critical support early this session during market weakness. It's sitting right on key support as a convincing break here on a daily or weekly closing basis will send it to $300 or less. Also, NTES saw significant Feb 9 Weekly Call buying yesterday with 1,000 lots going at each of the 320, 325, 330, and 340 levels. I tend to...
Pennant Formation. Good opportunity if breaks above $378
NTES NTES might pull back into october against strong ichimoku daily resistance. Or it can consolidate in the cloud for a while. Earnings on 11/08 is still too far from now. If breakout of symmetric triangle on high volume through the cloud, then it would add lot of momentum
NTES price action broke to the upside in the middle of 2016 and formed a very strong uptrend. In late 2016, prices retraced strongly to a 50% retracement. Prices are now attempting a move to previous highs, but the RSI is not confirming. I'm waiting for price action to reach the $270 level and determining if the RSI divergence continues to be strong. Set an...
Extended pullback to the $200 area is possible
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...
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...