“I bought NTES-S (9999) at $104.1. What is its outlook? What should be my target price and cut loss price?” (Headline Daily)
Let’s take a look at the weekly candlestick chart for this stock today:
This stock has fluctuated within a narrow range for the last 1.5 years, and it is recently in a downtrend. I would stay away from this stock at the moment.
Full disclosure: I do not hold any position in this stock at the time of this writing.
