Stay Up to Date with Robin's Market Updates

By providing us your personal data (i.e. name, email address and phone number), you acknowledge and consent to our collection of your personal data for the purposes listed below: • Sending you marketing, advertising or promotional materials related to the content of this website, whether by call, text or email; • Provision of products & services which you have requested for. Please note that you are entitled to withdraw your consent for the collection of your personal data at any point in time by clicking on the "unsubscribe" link in the emails you receive. You may also contact us via robinhosa@phillip.com.sg

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

Note: Only a member of this blog may post a comment.