NetEase may fall to 67.70 - 71.10

Our pivot point stands at 87.1.

Our preference

The downside prevails as long as 87.1 is resistance.

Alternative scenario

The upside breakout of 87.1 would call for 92.9 and 96.4.

Comment

The RSI is below 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 88.799 and 91.3582).

Supports and resistances

96.4 **

92.9 *

87.1 **

84.9

82.49 (USD-last)

74.5

71.1 **

67.7 *

64.4 **

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