NetEase may fall to 77.10 - 81.20

Our pivot point stands at 100.1.

Our preference

The downside prevails as long as 100.1 is resistance.

Alternative scenario

Above 100.1, look for 107.1 and 111.3.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 95.5595 and 95.9367).

Supports and resistances

111.3 **

107.1 *

100.1 **

97.3

93.9 (USD-last)

85.3

81.2 **

77.1 *

72.9 **

Number of asterisks represents the strength of support and resistance levels.