$NETEASE (9999) Key levels, Analysis & Targets$NETEASE (9999) Key levels, Analysis & Targets
Forecasting stock prices using Fibonacci theory to analyze price levels for "Stop Loss"
NTES trade ideas
$NTES weekly chartChina play until domestic markets cool down. looking for 1/28 calls 105-107 strike
$NTES - golden crossOne of my favorite patterns to play is the golden cross.
Hefty pull back on 12/3 - could be the place to enter. Be ware.
This one is set for movement. Going to set alerts to detect the move.
NetEase Releases Third Quarter 2021 Unaudited Financial Results"As an innovation-driven content creator, we will continue to deliver thoughtful premium content and products to our users across each of our carefully cultivated disciplines," said the CEO and director of NetEase, William Ding.
Third Quarter 2021 Financial Highlights
- Net revenues were CNY 22.20 billion (USD 3.4 billion), an increase of 18.9% compared with the third quarter of 2020.
- Online game services net revenues were CNY 15.9 billion (USD 2.5 billion), an increase of 14.7% compared with the third quarter of 2020.
- Youdao net revenues were CNY 1.4 billion (USD 215.3 million), an increase of 54.8% compared with the third quarter of 2020.
- Innovative businesses and other net revenues reached CNY 4.9 billion (USD 761.1 million), an increase of 25.7% compared with the third quarter of 2020.
- Gross profit was CNY 11.8 billion (USD 1.8 billion), an increase of 19.5% compared with the third quarter of 2020.
Total operating expenses were CNY 8 billion (USD 1.2 billion), an increase of 14.5% compared with the third quarter of 2020.
- Net income attributable to the Company's shareholders was CNY 3.2 billion (USD 493.8 million). Non-GAAP net income attributable to the Company's shareholders was CNY 3.9 billion (USD 598.7 million).
Basic net income per share was USD 0.15 (USD 0.74 per ADS). Non-GAAP basic net income per share was USD 0.18 (USD 0.90 per ADS).
Third Quarter 2021 and Recent Operational Highlights
- Expanded games portfolio with new games in more diverse genres, including:
Naraka: Bladepoint, which broke the sales record of buy-to-play games by Chinese developers and led the Steam top-sellers chart, remaining in the top 5 for weeks following its global launch in August.
Harry Potter: Magic Awakened, which led China's iOS top grossing chart and top download chart following its launch in September.
- Exciting new titles in China such as Ace Racer, Infinite Lagrange and Nightmare Breaker.
Launched The Lord of the Rings: Rise to War in Europe, the Americas, Oceania and Southeast Asia.
Extended solid popularity of franchise titles including the Fantasy Westward Journey and Westward Journey Online series.
- Enriched dynamic game development pipeline with exciting advancements to upcoming games including The Showbiz: Dream Chaser, the console version of Naraka: Bladepoint, Diablo® Immortal™, as well as Ghost World Chronicle, and Harry Potter: Magic Awakened in international markets.
- Progressed Youdao's capabilities as an education technology provider, with steady advancements in STEAM courses, adult learning and smart learning hardware devices.
- Expanded NetEase Cloud Music's content ecosystem and product innovation capabilities to strengthen its highly-engaged music-enteric community, delivering a solid financial performance.
Market Set To Drop, NTES With It?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on October 22, 2021 with a closing price of 102.24.
If this instance is successful, that means the stock should decline to at least 99.35 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 6.51% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 10.27% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 16.765% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 22 trading bars, and one-quarter require at least 30 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Ntes accumulation phase 9 Oct 2021Healthy accumulation volume for past 3 months. Trend changing on the way. Still below ema. Really good time to load up.
Double Bottom?If second bottom hold NTES will have a double bottom. It has been a bit volatile down there so awaiting confirmation.
No recommendation
NTES - Bullish on earningsNTES is a China tech company that provides online gaming services. All the china stocks are risky right now with their gov't sanctions, but they provide a good valuation. Some are down over 20-30% in last 3 months. Earnings is Aug 31 aftermarket and I think they will beat eps and revenue. Options - There are over 28000 calls OI for sept 17 exp, 19000 puts OI. Earnings Trend - PDD, JD. SE
Further downside in NTESThe whole correction is a bit unclear for me,
but the entire pattern looks like forming a Zigzag wave 4
The price has reached the level of 0.5,
let's see how will the price develop in the following weeks
NTES - Seasonality playNtes is a technology company engaged in the development of applications, services and other technologies for the Internet in China. July produces an avg of +1% over past 5 years. There is decent open interest in the july 16 115 and 120 calls. I have seen a fair amount of bullish option flow for china tech stocks. JD BABA , GL!
$NTES - Rip faces sequence in place. I have a sizeable position. Bill Hwang leverage 2.0 - 40x style
You feel me? ;)
$NTES with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NTES after a Positive under reaction following its earnings release placing the stock in drift A
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NTES: Breakout Confirmed, 22.26% Potential Profit!Description: NTES is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $109.2 - $113.6
2. Take profit: $133.8
3. Stop Loss: $105
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 87%
ABC BullishLong entry 104.30
There is also an inverse head and shoulders pattern with neckline marked as resistance. Possible stop below C.
No recommendation.
The thrusting candle pattern starts with a down trend/red candle. The next candle is a green candle that opens below the prior close, but closes near the mid point of the prior body. It is not a piercing pattern as the 2nd candle stops stops short of the the mid point of the first candle. The bulls win that trading day. A piercing candle is bullish but closes at or above the mid point of the first red candle (usually above the midpoint) so the piercing pattern is more bullish
This stock was very bullish on its first run up and stayed outside the bollinger bands set of 80 for a long time.
NTES weekly and daily charts look good for more upsideabove 50 rsi on both charts
watching for macd to cross up on weekly chart.
$NTES with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $NTES after a Negative Under reaction following its earnings release placing the stock in drift D
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NTES - Inverted Head and Shoulders +50% PTNice inverted head and shoulders, looking ready to pop!
Price target ~150-160
$NTES - super long play (6 months)Unusual options
6/18 - $125 strike
9/17 - $120 strike
ATR is down
stochastic is bottomed out
watching for low entry
My ideal call purchase: 9/17 call option at $115 strike
ABC BullishI have had this for a few weeks and there have been a few scary days for sure.
Support has held so far and my stop is at 102.77. Resistance overhead. Whenever a security has pulled back so far, I suppose there is always a bit of R overhead. Folks are stuck up there and in probable financial pain. It is not surprising when they will sell on rallies to relieve their wallet of the pain they are experiencing. It is hard to hang through it though and makes buying close to support important in most cases.
It appears C is C but next pull back day, or rainy market day, will tell the tale I suppose.
Not a recommendation.
Negative volume and OBV are both high.
Trading can be risky business, and I guess investing can be too. The market has been riddled with uncertainty, and it makes me feel, well, uncertain..lol. Nothing is a given that is for sure and Mr Market has not been handing us a whole lot of no brainers as of late (o:
The cup and handle pattern broke out a while back and targets were met before the deep pull back. There was also an inverse head and shoulders a while back.
Ntes channel update White lines are the major channel trend .
Red lines are the secondary channel.
Had a healthy pullback last few day and bounced off the channel support (Redline).
I think this will be its last leg up to the top of its primary channel (137) and then a pullback to the mid 90's
Trade Update: What a gameNTES has been a fantastic trade to say the least. A range reversal trade that has turned into a full on breakout. On todays strength I think its a good time to move my stop up to the gap at 117.56. Anytime a stock goes parabolic you know a pull back can come at any moment.
