NTES trade ideas
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.
ntes - at supprt areaAproaching support area. Should hold and bounce on good Volume here. If so it would be a good Long entry
short NTESstudy time.
short NTES for ER. NTES diverging from NASDAQ and indices. also monthly divergences (higher price lower momentum).
first target 270s. stop loss 321
NTES Triggers a Sell Signal today$NTES Triggers a Sell Signal today. Needs to close above 8ema- 287 to prove otherwise
NTES
Continued movement after a good response to the financial report. Technical shopping area 310 $
NTES completion of elliot waveAnother elliot wave pattern. This one's almost textbook.
NTES completed an elliot wave pattern approximately two days ago, and should now enter its elliot corection wave phase.
Looking at its Fib retracement we see that the .786 lines up pretty closely with the end of the main impulse AND the gap up from two weeks ago, which makes a good price target for the first correction wave.
Date discovered: March 2, 2017
Position: Short
Price to enter: 290.82
Price target: 266.60
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 longresuming its uptrend after breaking above 50dma and recent resistance. 50dma turning positive within the next few days if price holds current levels.
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
