Second AttemptThis was the second attempt to close the window open since 3rd January. It has failed again so far.
If we can hold above the December high we may see a good upward retracement.
NTES trade ideas
Here Is A Stock I Am Buying!NASDAQ:NTES (NetEase Inc) is a stock I am buying at the moment. The company beat last earnings by 0.64% which gives it a chance to grow in value. My target is at 92.53$/shares.
View chart for stoploss level.
5/22/24 - $ntes - i'd buy the AM print, valuation checks boxes5/22/24 - 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 last years means it's a check (not a check plus), but good enough for a small risk on punt as a tag along beneficiary "tech" factor from +ve NVDA earnings.
NetEase of ChinaFundamentals:
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 play, it could send NTES to
Technicals:
Weekly:
Weekly ExDiv1 on the cloud with extreme signals.
Bounce from 200 EMAs.
Fake Bear Crown
5 EMAs pb
TK Flip Flop
Daily:
Extreme indicator
uHd
Stage 3 bullish set-up
Cloud support and Wave support
a-b-c bear completion of a Bearish &S pattern.
a-b-c bullish Crown set-up
Bullish cup-w-handle in the making with a 38%-50% fib support and horizontal support
Target around 145
NTES Elliot Wave Count: Long opportunity coming soon?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.
NetEase: Microsleep 😴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 significantly in order to complete the beige-colored wave II. However, our alternative scenario (33% probability) should not be ignored. It sees the price in the green wave alt.(B) on a break of the resistance at $134.44. Consequently, within this scenario, the price should continue to rise (albeit correctively) before a sharp sell-off.
Box on $NTESBig box on the daily chart.
The current trent is bearish but a crossover of the ema 21/50 will create a great bullish signal
NTES Short IdeaFirstly, we must be aware of the inherent market fluctuations and technical divergence s that have been observed with NTES. Despite positive trends, there's been a noted divergence between volume and price, suggesting that while prices are gaining, volume is falling. This kind of divergence can often be an early warning sign of potential volatility or decline in the stock's value.
Another point of concern is the regulatory risks that come with investing in Chinese tech and gaming companies like NetEase. The regulatory environment in China is notoriously unpredictable, and changes in regulations or government policies can significantly impact the company's operations and growth prospects. This unpredictability adds a layer of risk that we must consider, as it can affect the stability and predictability of our investment
NETEASE unexpected volume spike and bullish movementAfter a large volume spike on 22 December prices get a strong upside movement
I expect a fill of the gap between 96$-101$ to happen very soon and a target price of 125$ in the next month
Netease will fly higher this year !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 !
We like NTES here based on China reopenWe think China is moving slowly towards reopening, and like NTES at these prices for a move into the low 90's
$NTES: Short setup, trend reversal?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.
V BottomA one candle V,
Price needs to break the left side of the V to be valid.
No recommendation.
Rainy Sunday )o:
NTES | Bullish Signs | LONGNetEase, 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 other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Listening Pod, Youdao Smart Lamp, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; enterprise services, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing and provides learning diagnosis through artificial intelligence technology at schools; and Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands and manufacturers to access advanced optical character recognition capabilities and neural machine translation engine. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products, including consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise; NetEase Media, an internet media platform; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
Symmetrical TriangleNeutral 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
$NTES with a Bullish outlook following its earnings #Stocks 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%.
$NTES pretty strong 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.
$NTES with a Bullish outlook following its earnings #Stocks 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%.
Short $NTES from 104,86Approaching high of down trend line. Looking for reversal:
Entry: 104,86
SL: 111,43
TP: 78,11
NTES Outcomes 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 time frame that the price has been in this state of upward continuation (since about 2000)
$NTES with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NTES after a Negative over reaction following its earnings release placing the stock in drift C.
NTES Price TargetPrice target for NTES is $84.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
