NetEase may rise to 105.10 - 107.80

Our pivot point stands at 91.7.

Our preference

The upside prevails as long as 91.7 is support.

Alternative scenario

Below 91.7, expect 87.2 and 84.5.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 93.5155 and 93.8666).

Supports and resistances

110.5 **

107.8 *

105.1 **

102.3

95.45 (USD-last)

93.4

91.7 **

87.2 *

84.5 **

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