NTES
$NTES Rising Wedge Breakdown - Earnings This Week$NTES Sold off Friday on strong volume, closing well outside the recent bearish rising wedge pattern. Earnings are still to come this week, but if this recent price action is any indicator expect to see further near term declines. Targeting $185 support by mid to late March.
Note: Informational analysis, not investment advice.
[NTEZ] It's starting phase 1The price is starting phase 1. The slope of 30 MM is starting to balanced. If the price breaks the resistant, buy.
BABA Swing Long StalkingDirectional Bias: Long
Price Target: 175
Good Entry: 138-144
Risk/Reward: $5 max risk - $20 reward
If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
China bearish: Buy the trade war tech dip BIDU NTES IQ TCEHY On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff.
Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk reaction will eventually take place causing an influx of capital across the market. I cant predict when this would happen or whether stocks have reached their bottom but I consider this another buy opportunity.
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 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 - RSI Divergence ShortNTES price action broke to the upside in the middle of 2016 and formed a very strong uptrend. In late 2016, prices retraced strongly to a 50% retracement. Prices are now attempting a move to previous highs, but the RSI is not confirming. I'm waiting for price action to reach the $270 level and determining if the RSI divergence continues to be strong.
Set an alert for $270 and roll.
NTES - Upward channel breakdown, short from $228.93 to $200.33NTES breaking down from a macro frame upward channel. It also looks like a Inverse Bump & run formation. Moneyflow was diverging all the way to the upside & now broken to the down side. We think it will decline further & our first target area is $200
On the option side we would consider $230 March Puts
You can check our detailed analysis on NTES in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 8:35"
Trade Status: Pending
Why I Am Shorting NetEase Heavily, See The Reasons...I am shorting shares of NetEase Inc (NASDAQ:NTES) simply based off valuation metrics and the stock chart. Both confirm a drop is pending within days. First, the stock is up from $130 in February 2016 to its current price of $270. This is over a 100% gain in 2016, an epic move no matter the stock. The next factor is more specific to the trading recently, which shows institutions unloading. On October 14th, 2016, NetEase Inc shot to a new all-time high of $272.50 before reversing sharply. This formed a topping tail on the daily stock chart. Every day since, the stock has gone sideways and floated, never taking out the topping tail high of $272.50. This shows epic distribution (selling) by smart money and sets the table for a big fall. The downside is big, a simple retrace netting investors a drop to $208.00, or over at 20% correction. Check out the stock chart below and see the trade.
I post my live trades on VerifiedInvesting.com
