Courtesy of Declan Fallon
While events in Europe will cloud trading action this week, NetEase is nicely positioned to break resistance. There are a couple of support levels to use for stop placement; these include $59, 20-day MA, rising support for April swing lows, then 50-day MA. Earnings are May 16th which will an offer an event trigger assuming it doesn’t break before. My fundamental take is available on the Motley Fool.
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