NetEase may fall to 73.90 - 77.50

94.6 is our pivot point.

Our preference

The downside prevails as long as 94.6 is resistance.

Alternative scenario

The upside breakout of 94.6 would call for 100.9 and 104.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 97.464 and 97.2348).

Supports and resistances

104.6 **

100.9 *

94.6 **

92.2

89.13 (USD-last)

81.3

77.5 **

73.9 *

70.3 **

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