5/22/24 - vrockstar - NASDAQ:NTES - not typically one i'd buy to hold, but the setup looks reasonable into the print at 13x PE, growing LSD and throwing off mountains of cash (and the buyback presumably should increase) and without a stock comp issue as i've discussed in other comments. high single digit FCF yield, growing and LT index-beater (though not in thee...
Fundamentals:
NTES is a music, education and gaming company in China. From September 2022 there had been some fundamental cooling of the company but has picked up since March 2023. It is not a super stock, but it is not going out of business either. It is a good company to invest in in general. With China's market at peak pessimism and short-sell coverings in...
NTES looks to have completed a 5 wave move up from the Oct 2022 low, and is now coming down in a wave 2, in which waves A and B have been completed. Wave C of wave 2 is likely to reach and bounce from the previous resistance zone between $74 to $71 with $71 coinciding with the 0.618 retracement level of the 5 wave move up.
The NetEase share price continued to rise last week. Although there was a slump of around 10% last Thursday, the share price recovered quickly. We primarily expect the magenta-colored wave (b) to continue moving upward. Ideally, we expect the high of this corrective rise to be just below the resistance at $134.44. From there, the price should then sell off...
Firstly, we must be aware of the inherent market fluctuations and technical divergence s that have been observed with NTES. Despite positive trends, there's been a noted divergence between volume and price, suggesting that while prices are gaining, volume is falling. This kind of divergence can often be an early warning sign of potential volatility or decline in...
After a large volume spike on 22 December prices get a strong upside movement
I expect a fill of the gap between 96$-101$ to happen very soon and a target price of 125$ in the next month
See article here
Last year , tech regulation on restricting of video games license by the government is now over. The floodgate has opened much to the joy of gamers worldwide !
Nice short setup with low risk in NetEase, it fits the idea of the China reopening uptrend being reversed. Decent downside if stop is not hit (see dashed red line)
Best of luck!
Cheers,
Ivan Labrie.
NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from...
Neutral until broken with a confirmed trend in that direction.
The top line is resistance and a break of this line would a long entry level.
A break of the support line may signal short entry.
Price is being pushed in to the nose of the triangle and price will break one way or the other.
No recommendation
The PEAD projected a Bullish outlook for $NTES after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 57.14%.
Somehow this china stonk always powers thru even when other chinese stonks are getting demolished, $NTES somehow remains steady and mostly bullish. Seeing a possible bull flag on it, no position, just an observation. it's also a decent company fundamentally.
The PEAD projected a Bullish outlook for $NTES after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
The initial rise and relatively low volitivity along the upper trend line makes me lean more toward the bearish case in this scenario.
I know this is 'going against the trend' but I have my reasons
Trendlines can be drawn along the upward stretch which allow possible bottom points to be plotted (red)
The only cause TA wise I can find for the bull side is the...
