NTES - Cup with Handle - 2020-01-05

NTES Cup with Handle + VCP Trade:

• Pattern Formation: Developed a Cup with Handle with multiple Volatility Contraction Patterns (VCP) on the right side, volume also dried up.
• Entry: Breakout near $98.
• Exit Options:
• Climax Top: 26% gain
• First Close Below 10 EMA: 17% gain

This setup highlights how combining multiple bullish patterns can lead to strong breakouts, with flexible exit strategies depending on risk tolerance.