NetEase may fall to 79.60 - 82.10

Our pivot point stands at 93.8.

Our preference

The downside prevails as long as 93.8 is resistance.

Alternative scenario

Above 93.8, look for 98 and 100.5.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 91.3475 and 92.171).

Supports and resistances

100.5 **

98 *

93.8 **

92.1

89.55 (USD-last)

84.6

82.1 **

79.6 *

77.2 **

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