Aproaching support area. Should hold and bounce on good Volume here. If so it would be a good Long entry
study time. short NTES for ER. NTES diverging from NASDAQ and indices. also monthly divergences (higher price lower momentum). first target 270s. stop loss 321
$NTES Triggers a Sell Signal today. Needs to close above 8ema- 287 to prove otherwise
Another elliot wave pattern. This one's almost textbook. NTES completed an elliot wave pattern approximately two days ago, and should now enter its elliot corection wave phase. Looking at its Fib retracement we see that the .786 lines up pretty closely with the end of the main impulse AND the gap up from two weeks ago, which makes a good price target for the...
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...