NetEase may rise to 103.90 - 107.60

Our pivot point is at 86.2.

Our preference

Short term rebound towards 103.9.

Alternative scenario

Below 86.2, expect 80.1 and 76.5.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 93.805 and 95.3907).

Supports and resistances

111.4 **

107.6 *

103.9 **

100.2

92.54 (USD-last)

88.7

86.2 **

80.1 *

76.5 **

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