Strong breakaway gap, setting up againAfter reporting earnings, NTES gapped up to fresh highs on the heaviest daily volume in over a year. So far it is holding that gap. If NTES can clear the highs on 5/14 of 143.93, it will confirm a continuation of the trend over the near term.Longby MichaelGLamothePublished 226
NTESBearish Butterfly completed. See monthly chart for a good reason to look for weakness.by KLangPublished 3
How far will it go? Pull back is imminentSince price broke-out upside from the buy point 91 area has gained about 16% just in 2 weeks with relatively a good volume and may soon meet overhead resistance 105.6. Close above this level for the month will be a bullish sign and next resistance 119.79-120 is very likely early next month before we see a meaningful pullback. If you want real time alert on this security try us www.2waytrading.comby XafadaPublished 0