NetEase may fall to 65.60 - 69.60

Our pivot point is at 88.8.

Our preference

Under pressure below 88.8.

Alternative scenario

Above 88.8, look for 95.8 and 99.9.

Comment

The RSI is below 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 90.2023 and 85.9269).

Supports and resistances

99.9 **

95.8 *

88.8 **

86.1

81.86 (USD-last)

73.7

69.6 **

65.6 *

61.5 **

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