NetEase may rise to 120.00 - 124.20

Our pivot point stands at 98.6.

Our preference

The upside prevails as long as 98.6 is support.

Alternative scenario

Below 98.6, expect 91.7 and 87.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 97.8335 and 99.5879). Finally, NetEase is trading above its upper Bollinger band (standing at 104.97).

Supports and resistances

128.5 **

124.2 *

120 **

115.8

104.97 (USD-last)

101.3

98.6 **

91.7 *

87.7 **

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