Have you ever heard of NetEase, Inc. Chinese stock? If not, let us introduce you to this emerging packaged software and technology company making waves in the industry. With a focus on innovation and customer satisfaction, NetEase (NASDAQ: NTES) has quickly become one of the top players in the market. In this supply and demand stock analysis, we will closely examine what sets NetEase apart from its competitors and why it has such a promising future ahead. So sit back, relax, and get ready to discover what makes NetEase Chinese stock so unique!
NetEase, Inc. is a Chinese internet technology company providing online services centred on content, community, and communication. The Company operates in three segments: Online Games Services, Advertising Services, and Email and E-Commerce Services. It offers online games in China through its various game platforms, including PC client games, mobile games, web-based games, and third-party game platforms. NetEase also provides Internet email services in China through 163.com and 126.com and e-commerce transaction processing services primarily through Kaola, an online B2C platform under the Company’s e-commerce business segment in China.
NetEase, Inc. is a Chinese internet technology company that provides its users with a wide range of internet services. These services include e-mail, online gaming, and e-commerce. The company also offers a variety of packaged software and technology offerings.
Some of the most popular packaged software and technology offerings from NetEase include the following:
NetEase’s Online Games Services business is the largest of the three. It offers PC-client and web-based games, including massively multiplayer online role-playing games (MMORPGs), role-playing games (RPGs), first-person shooter (FPS) games, and real-time strategy (RTS) games. The Company’s popular titles include Fantasy Westward Journey, Heroes of Tang Dynasty II, Tianxia III, Ghost II, Datang, Clash of Clans China Version, and Onmyoji Arena, and licensed international games such as Blizzard Entertainment’s World of Warcraft and Overwatch.
Having said all the above about the company, it’s time to analyze NetEase’s charts using the supply and demand stock trading strategy from Set and Forget. See below the weekly timeframe. A weekly uptrend with a new and strong imbalance is around $74 per share. NetEase is a stock to watch closely if the price returns to that price in an uptrend.
As supply and demand traders, we need not consider fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for NetEase stock.
Trading is just waiting for the right trigger points and scenarios to present themselves. This game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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