NetEase may fall to 80.60 - 83.20

Our pivot point stands at 95.2.

Our preference

The downside prevails as long as 95.2 is resistance.

Alternative scenario

The upside breakout of 95.2 would call for 99.4 and 102.

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 share stands below its 20 and 50 day moving average (respectively at 93.214 and 94.1952).

Supports and resistances

102 **

99.4 *

95.2 **

93.5

91.35 (USD-last)

85.6

83.2 **

80.6 *

78.2 **

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