NetEase may rise to 107.50 - 111.10

Our pivot point stands at 90.2.

Our preference

Our next up target stands at 107.5.

Alternative scenario

The downside breakout of 90.2 would call for 84 and 80.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is above its 20 and 50 day moving average (respectively at 92.475 and 95.0159).

Supports and resistances

114.9 **

111.1 *

107.5 **

103.7

95.62 (USD-last)

92.6

90.2 **

84 *

80.4 **

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