NTES completed ALT BAT PatternPerfect and clean... look to sell against the completed D point which is confluence with a long-term fib 3.618 extension..
NTES trade ideas
WatchingI see NTES already reached above 405(resistance for a long time). However, I am not yet ready to long/short this equity. Let's wait and see what's about to happen. I would purchase a little number of puts at the beginning if it maintains above 405. If this straight push up all the way above 405, I would wait for this to retrace back to 405, and then collect some calls.
$NTES Chinese Gaming stock on verge of huge Breakout
NTES looks poised for a substantial move higher.
Already at a all time high but has the potential for a much greater move post earnings Tuesday
p/e ratio 16.28
NetEase (NASDAQ:NTES) is scheduled to announce Q1 earnings results on Tuesday, May 19th, after market close.
The consensus EPS Estimate is $3.98 (+14.4% Y/Y) and the consensus Revenue Estimate is $2.2B (-19.4% Y/Y).
Over the last 2 years, NTES has beaten EPS estimates 88% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 3 upward revisi
ons and 1 downward. Revenue estimates have seen 1 upward revision and 2 downward. Source Seekignalpha
Calling 500It can happen as long as it stays above that bottom trend line. I will buy any pullbacks. If it closes monthly below that bottom line then expect lower prices next month.
Netease $NTES Cup&Handle --> $530 potential targetDear traders,
I see a cup and handle pattern on the weekly chart.
RSI, MACD, and StochRSI show some bullish momentum.
If we break the resistance at $360-$370, we might see a potential run towards $530.
Good luck!
Disclaimer:
This is not financial advice!
Do your own research!
$NTES possible H&SPossible H&S on $NTES daily chart, with a bearish RSI divergence as well as trendline retest.
Netease Bullish Trade $ntes
NTES is a benefactor of a stay at home community,, such as that in CHINA
Very risky company with much volatility, so possible wait for earnings a trade the breakout if it happens
Possible upside targets $377 to ATH resistance
$430 to Fibonacci expansion target
Ascending Triangle BreakoutConfirmed on daily close outside of pattern, plus macd bullish crossover.
Netease Bullish reset complete
Entry level $335
Target price $377
Stop loss $320
Much needed retrace complete , indicators in bullish reversal again.
Perfect channel support .
All time high on the way
Netease Needs a reset Stock has had a massive run and its take profit time, ahead of what could be a sell the news trade deal signing.
Indicators are overbought and the stock has also hit upper trend-line resistance.
Will revisit if conditions change.
its been a winner winner
Upward trend still validPrice is going up as everything in this moment.
Stop loss raised to $340 from current levels.
Netease next trade setup $ntesPrevious trade target hit perfectly.
Next entry level after some consolidation @ $328 with @376 as our upside target.
Having broke through the Fibonacci golden pocket resistance we would expect a possible test of that level in the days to come as the market looks like a considerable pullback is imminent.
All time highs alert for Netease $NTESIt has been a great 2019 for NTES and we have watched the recovery from the lows and hopefully some have got some nice profits to show.
The stock is now only 16% from its all time highs so maybe time to consider taking some $$$ of the table if long.
Indicators do remain bullish and have room to run higher before reaching overbought territory.
Sentiment in the Chinese economy is also very high entering into 2020 as more stimulus has been added, lets see will consumers start spending.
NTES Trend line shortusing this short position as a hedge for my long positions.
NTES just rejected trendline again.
Rsi is very high on the daily too so if this falls due to weak china news. it's gonna collapse.
