NetEase may fall to 79.00 - 82.00

Our pivot point stands at 97.

Our preference

The downside prevails as long as 97 is resistance.

Alternative scenario

Above 97, look for 102.1 and 105.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 93.0065 and 94.8306).

Supports and resistances

105.2 **

102.1 *

97 **

95

91.79 (USD-last)

85

82 **

79 *

76 **

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