NETEASE is at a critical point as earnings approach.
Netease has been a major victim of political issues in China as it has cracked down on the Gaming industry, along with
TCEHY
it has battled to get some relief from government without a great deal of success. On top of that issue it is regarded as a no go zone for USA investors due to its Chinese origins and its inclusion in so many ETFS have meant that regardless of good earnings the selling has continued.
We suggest that it may have finally found trendline support which if it breaks could be disastrous.
TCEHY
it has battled to get some relief from government without a great deal of success. On top of that issue it is regarded as a no go zone for USA investors due to its Chinese origins and its inclusion in so many ETFS have meant that regardless of good earnings the selling has continued. We suggest that it may have finally found trendline support which if it breaks could be disastrous.
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nice 20% gain
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