$NTES Sold off Friday on strong volume, closing well outside the recent bearish rising wedge pattern. Earnings are still to come this week, but if this recent price action is any indicator expect to see further near term declines. Targeting $185 support by mid to late March.
Note: Informational analysis, not investment advice.
Hello! NTES looks like a great short on the daily chart... It is running up into multiple resistances all of which are very strong.
1. 200SMA on the daily
2. FIB 38.2% on the daily
3. top of bear flag channel
4. top of daily chart downtrend
5. previously broken down weekly trendline.
At the very least I see a pullback to 220 or so!
Good luck and happy trading
this company was on a rocketship heading for the moon. Fast up and means fast down and when the stock hit its peak it beens a violent downturn. The stock already lost 42% of its value and now the question is, is this near the bottom or will there be alot more blood?
Timing = 1 ( the chart has been very weak when the market has been going sideways and therefore i...
They guided lower last qtr and they have been sitting at lows for a reason. The setup has been great. I have listed the price points and it is going higher. Earnings 08/08 atc.
![NTES: [NTEZ] It's starting phase 1](https://s3.tradingview.com/v/v3c7tqOx_mid.png "[NTEZ] It's starting phase 1")
