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
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
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
Previous 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.
It has been a great 2019 for NTES and we have watched the recovery from the lows and hopefully some have got some nice profits to show.
The stock is now only 16% from its all time highs so maybe time to consider taking some $$$ of the table if long.
Indicators do remain bullish and have room to run higher before reaching overbought territory.
Sentiment in the...
using this short position as a hedge for my long positions.
NTES just rejected trendline again.
Rsi is very high on the daily too so if this falls due to weak china news. it's gonna collapse.
NTES has a long history of run-ups followed by major corrections. It is currently at an all-time high and we see a good short oppurtunity here, with a conservative 2.5% profit taking target.
Hugely bullish setup and action in NTES for the past week, impressive earnings and multiple upgrades have sent the stock up 6% in 2 days.
The Golden pocket Fibonacci levels are now resistance on the way up to all time highs.
Entry level $313.37 = Target price $ 338.17
This stock has been a huge winner for us in 2019 and hopefully you caught the move with us.
We believe that the stock continues higher having been stuck below $290 for months, the earnings beat has ignited this rally.
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NetEase (NASDAQ:NTES) is up 0.7% after Jefferies bumped its price target to $350,...
Extremely bullish move out from multiple resistance levels.
earnings are approaching and expectations are good.
Chinese stocks are on a Bull run and teh ETFS are dragging everything higher.
Fibonacci golden pocket may be broken today, a close above $305 would be very bullish.
