At its LT Support, Let's go!
Chinese Blizzard is great. Buy the dips and hold into 2019.
SImilar to my OLED post, NTES found critical support early this session during market weakness. It's sitting right on key support as a convincing break here on a daily or weekly closing basis will send it to $300 or less. Also, NTES saw significant Feb 9 Weekly Call buying yesterday with 1,000 lots going at each of the 320, 325, 330, and 340 levels. I tend to...
1/19/2018 Starting to form a bottom at Support here around 315-320 area with a nice falling wedge pattern. Breakout above 333. Target 350-360
4 hits on the top, this indicates a strong restance line. It just hit this line again so if may lead to it falling to the bottom support line which would be about 30% over about a month.
Read the box. Read my Status! Thanks
Clear 5 wave forming, 4th wave reaching channel bottom and filled previous gap, good entry point
Pennant Formation. Good opportunity if breaks above $378
Set stop at low of day on breakout $NTES $KWEB
NTES NTES might pull back into october against strong ichimoku daily resistance. Or it can consolidate in the cloud for a while. Earnings on 11/08 is still too far from now. If breakout of symmetric triangle on high volume through the cloud, then it would add lot of momentum
If NTES shows us a bullish flag, it has a potential of creating a new support level.