Stay Up to Date with Robin's Market Updates

From 1 June 2018, live market updates from Robin will only be sent to subscribers via email.

To continue to receive the latest updates, please subscribe.

Monday, August 14, 2017

NetEase

NetEase - 2Q results were weak . Revenue at Rmb13.4 B was in line but online gaming revenue was down 12%, ecommerce was a drag on margin , Ebit margin was the lowest ever reported. On the chart the uptrendline has been broken, its 50 days MA has been violated and the RSI has been on a divergence to its uptrend .  In the short term it could be heading to its next support at US  260. If US 260 is breached the next support is at US 240 and US 211 respectively.


All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment