NetEase of China
Fundamentals:
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 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
Note
up crown pattern
NTES is a huge weekly cup-with-handle (yellow lines)
Note
Weekly:weekly cup-with-handle
Monthly:
Monthly cup-with-handle with 5emas pb strategy and cloud support
Note
target 160 to 200
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.