@1simpletrader #ETIC
Will it break to the upside?
only when this penant resolves.. will we know.. big boom coming.
will it or wont it ?
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NTSE testing the top end of this consolidation range, above 186, which coincides with the mid-line of its current bull channel. Targeting the 27% fibonacci extension at 198. Stop at 182.
$NTES MACD flying high and Stoch around 77
* Slow and steady wins the race? * NTES continues to beat earnings estimates * Long with tight stops because of market conditions
Continues to make new highs Still a low PE of only 16 Slope is getting steeper but this stock is not overvalued
Or potential double top play here
Left Shoulder+Head, maybe right shoulder coming up
Watch price action at lower TL
Line chart suggesting breakout today
Buyers stepped in again holding "124" as key support, 140R above.
14% bounce from lows.
Held the 100/150SMA on the daily, strong bounce
