TradingView
bulltears2233
Dec 8, 2018 8:36 PM

NTES Short-Term Swing trade -- bearish Short

NetEase, Inc.NASDAQ

Description

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
More