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NETEASE INC ADR EACH REPR 25 COM STK USD0.0001NN

NETEASE INC ADR EACH REPR 25 COM STK USD0.0001

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0K6G 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)
NLong
by adolphus53
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.
NLong
by TheSessionMaker