Bullish momentum for Netease Inc?

mchongmy
2022-05-20

Hi guys! Looking at going in for a buy for $NetEase(NTES)$ . Let me know what you think!

Price is above ichimoku cloud indicating a bullish momentum and the second horizontal level of resistance at 162.7 is in line with the 127.2% fibonacci expansion, so i will probably have my take profit at that level. I will place my stop loss at 147.0 in line with the first horizontal level of support as well as the 61.8% fibonacci retracement.

buy entry:154.0[Smile] 

take profit: 162.7[Happy] 

stop loss: 147.0[Cry] 

$NetEase 5xShortSG230330(DHAW.SI)$ 

$NetEase 5xLongSG230329(DULW.SI)$ 

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Comments

  • MR_Wu
    2022-05-22
    MR_Wu
    I think I will take your opinion into consideration bro.
  • MortimerDodd
    2022-05-22
    MortimerDodd
    I have a feeling that NetEase is about to have a pullback.
  • SirBahamut
    2022-05-20
    SirBahamut
    Indeed bullish monentum! The only stock which wasnt as affected as other china concept stocks!
  • BurnellStella
    2022-05-22
    BurnellStella
    Thanks for the technical analysis.
  • PandoraHaggai
    2022-05-22
    PandoraHaggai
    This stock has been moving really well lately.
  • latt
    2022-05-23
    latt
    great
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