Bullish momentum for Netease Inc?
Hi guys! Looking at going in for a buy for $NetEase(NTES.US$. 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![]()
take profit: 162.7![]()
stop loss: 147.0![]()
$NetEase 5xShortSG230330(DHAW.SG$
$NetEase 5xLongSG230329(DULW.SG$
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
take profit: 162.7
stop loss: 147.0
$NetEase 5xShortSG230330(DHAW.SG$
$NetEase 5xLongSG230329(DULW.SG$
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