NTES - Upward channel breakdown, short from $228.93 to $200.33
NTES 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/watch?v=Ewm9xNWn...
Time Span: 8:35"
Trade Status: Pending
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/watch?v=Ewm9xNWn...
Time Span: 8:35"
Trade Status: Pending
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