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]
$NetEase 5xShortSG230330(DHAW.SI)$
$NetEase 5xLongSG230329(DULW.SI)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments