The initial rise and relatively low volitivity along the upper trend line makes me lean more toward the bearish case in this scenario.
I know this is 'going against the trend' but I have my reasons
Trendlines can be drawn along the upward stretch which allow possible bottom points to be plotted (red)
The only cause TA wise I can find for the bull side is the...
Price target for NTES is $84.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
"As an innovation-driven content creator, we will continue to deliver thoughtful premium content and products to our users across each of our carefully cultivated disciplines," said the CEO and director of NetEase, William Ding.
Third Quarter 2021 Financial Highlights
- Net revenues were CNY 22.20 billion (USD 3.4 billion), an increase of 18.9% compared with...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on October 22, 2021 with a closing price of...
NTES is a China tech company that provides online gaming services. All the china stocks are risky right now with their gov't sanctions, but they provide a good valuation. Some are down over 20-30% in last 3 months. Earnings is Aug 31 aftermarket and I think they will beat eps and revenue. Options - There are over 28000 calls OI for sept 17 exp, 19000 puts OI....
Ntes is a technology company engaged in the development of applications, services and other technologies for the Internet in China. July produces an avg of +1% over past 5 years. There is decent open interest in the july 16 115 and 120 calls. I have seen a fair amount of bullish option flow for china tech stocks. JD BABA , GL!
The PEAD projected a Bullish outlook for $NTES after a Positive under reaction following its earnings release placing the stock in drift A
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Description: NTES is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
1. Ideal buy range: $109.2 - $113.6
2. Take profit: $133.8
3. Stop Loss: $105
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 87%
Long entry 104.30
There is also an inverse head and shoulders pattern with neckline marked as resistance. Possible stop below C.
The thrusting candle pattern starts with a down trend/red candle. The next candle is a green candle that opens below the prior close, but closes near the mid point of the prior body. It is not a piercing pattern...
The whole correction is a bit unclear for me,
but the entire pattern looks like forming a Zigzag wave 4
The price has reached the level of 0.5,
let's see how will the price develop in the following weeks