NetEase may fall to 78.40 - 82.40

103.5 is our pivot point.

Our preference

Under pressure below 103.5.

Alternative scenario

Above 103.5, look for 110.5 and 114.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 98.8655 and 98.8767).

Supports and resistances

114.6 **

110.5 *

103.5 **

100.8

94.74 (USD-last)

86.4

82.4 **

78.4 *

74.5 **

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