bulltears2233

NTES Short-Term Swing trade -- bearish

Short
NASDAQ:NTES   NetEase, Inc.
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.