NetEase may rise to 90.10 - 93.60

73.5 is our pivot point.

Our preference

Short term rebound towards 90.1.

Alternative scenario

The downside breakout of 73.5 would call for 67.7 and 64.3.

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 above its 20 day moving average (79.1005) but under its 50 day moving average (86.3982).

Supports and resistances

97.1 **

93.6 *

90.1 **

86.6

79.46 (USD-last)

75.7

73.5 **

67.7 *

64.3 **

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