$NTES MAKE IT OR LOSE IT$NTES is at the edge of another 100 points leg down if it can't hold this level.
NTES trade ideas
stop teasing this company (3)this company was on a rocketship heading for the moon. Fast up and means fast down and when the stock hit its peak it beens a violent downturn. The stock already lost 42% of its value and now the question is, is this near the bottom or will there be alot more blood?
Timing = 1 ( the chart has been very weak when the market has been going sideways and therefore i think more blood is likely)
Volume = 0 ( the volume has been decreasing as the stock heads lower)
Group strength = 1 (internet & information index looks strong)
Entry = 0 ( the entry level is near the 200ma and also a strong round number 200. But the stock recently tried to bounce and failed )
Fractal = 1 (this pullback is 42% previously this stock has lost 46% of its value)
NTES: I like this name and more so now b'se of er.They guided lower last qtr and they have been sitting at lows for a reason. The setup has been great. I have listed the price points and it is going higher. Earnings 08/08 atc.
NTES Detected possible stock repurchase!!!NTES: netease inc ads
2018-06-11 08:45:12
Detected possible stock repurchase
NTES may be easing higherSImilar to my OLED post, NTES found critical support early this session during market weakness. It's sitting right on key support as a convincing break here on a daily or weekly closing basis will send it to $300 or less.
Also, NTES saw significant Feb 9 Weekly Call buying yesterday with 1,000 lots going at each of the 320, 325, 330, and 340 levels.
I tend to stay at or near the money when entering Calls, especially weeklies. Not for everyone, but again, well defined risk levels right here where a "closing" break under 315 on the Daily chart negates this thesis. If that happens, consider switching to Puts with initial target at $300.
Above all, know your risk, know your levels, and trade with patience, dedication, and focus.
NTES Falling Wedge Pattern1/19/2018 Starting to form a bottom at Support here around 315-320 area with a nice falling wedge pattern. Breakout above 333. Target 350-360
NTES - Strong Channel Short4 hits on the top, this indicates a strong restance line. It just hit this line again so if may lead to it falling to the bottom support line which would be about 30% over about a month.
NTES Bouncing 5th wave in uptrend channelClear 5 wave forming, 4th wave reaching channel bottom and filled previous gap, good entry point
NTES might pullback to October strong ichimoku daily resistanceNTES NTES might pull back into october against strong ichimoku daily resistance. Or it can consolidate in the cloud for a while. Earnings on 11/08 is still too far from now.
If breakout of symmetric triangle on high volume through the cloud, then it would add lot of momentum
NTES looking for a bullish trend tomorrowIf NTES shows us a bullish flag, it has a potential of creating a new support level.
