Netease Inc ADR Cert Deposito Arg Repr 1/14 Sp ADR
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Trade ideas
Not suprised with the movesDecent profit from longing NetEase since it reached the support level. I am eyeing a TP of 418 (the end of an ascending triangle), and would like to cash out my longs a little bit lower than that(maybe 410-412). Still bright future from listing in HK. There might be some similar patterns like BABA when it first dual-listed in HK.
Hong Kong remains an important IPO marketread news here
I will be waiting for the IPO on 11 and 18 June for the IPO launch of Netease and JD.com.
I am bullish on this two stocks based on charts.
P/s: With that said, I might take profits from my HSI shorts ...
NTES completed ALT BAT PatternPerfect and clean... look to sell against the completed D point which is confluence with a long-term fib 3.618 extension..
WatchingI see NTES already reached above 405(resistance for a long time). However, I am not yet ready to long/short this equity. Let's wait and see what's about to happen. I would purchase a little number of puts at the beginning if it maintains above 405. If this straight push up all the way above 405, I would wait for this to retrace back to 405, and then collect some calls.
$NTES Chinese Gaming stock on verge of huge Breakout
NTES looks poised for a substantial move higher.
Already at a all time high but has the potential for a much greater move post earnings Tuesday
p/e ratio 16.28
NetEase (NASDAQ:NTES) is scheduled to announce Q1 earnings results on Tuesday, May 19th, after market close.
The consensus EPS Estimate is $3.98 (+14.4% Y/Y) and the consensus Revenue Estimate is $2.2B (-19.4% Y/Y).
Over the last 2 years, NTES has beaten EPS estimates 88% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 3 upward revisi
ons and 1 downward. Revenue estimates have seen 1 upward revision and 2 downward. Source Seekignalpha
Calling 500It can happen as long as it stays above that bottom trend line. I will buy any pullbacks. If it closes monthly below that bottom line then expect lower prices next month.
Netease $NTES Cup&Handle --> $530 potential targetDear 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!
$NTES possible H&SPossible H&S on $NTES daily chart, with a bearish RSI divergence as well as trendline retest.
Netease Bullish Trade $ntes
NTES is a benefactor of a stay at home community,, such as that in CHINA
Very risky company with much volatility, so possible wait for earnings a trade the breakout if it happens
Possible upside targets $377 to ATH resistance
$430 to Fibonacci expansion target
Ascending Triangle BreakoutConfirmed on daily close outside of pattern, plus macd bullish crossover.
Netease Bullish reset complete
Entry level $335
Target price $377
Stop loss $320
Much needed retrace complete , indicators in bullish reversal again.
Perfect channel support .
All time high on the way
Netease Needs a reset Stock has had a massive run and its take profit time, ahead of what could be a sell the news trade deal signing.
Indicators are overbought and the stock has also hit upper trend-line resistance.
Will revisit if conditions change.
its been a winner winner
Upward trend still validPrice is going up as everything in this moment.
Stop loss raised to $340 from current levels.
Netease next trade setup $ntesPrevious trade target hit perfectly.
Next entry level after some consolidation @ $328 with @376 as our upside target.
Having broke through the Fibonacci golden pocket resistance we would expect a possible test of that level in the days to come as the market looks like a considerable pullback is imminent.
