NTES Short-Term Swing trade -- bearish
Hello! NTES looks like a great short on the daily chart... It is running up into multiple resistances all of which are very strong.
1. 200SMA on the daily
2. FIB 38.2% on the daily
3. top of bear flag channel
4. top of daily chart downtrend
5. previously broken down weekly trendline.
At the very least I see a pullback to 220 or so!
Good luck and happy trading
1. 200SMA on the daily
2. FIB 38.2% on the daily
3. top of bear flag channel
4. top of daily chart downtrend
5. previously broken down weekly trendline.
At the very least I see a pullback to 220 or so!
Good luck and happy trading
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