NTES looks set to continue its downtrend. China tech names have been under performing so I expect weakness to continue here.
Major support was definitively broken with the gap down in May and the subsequent retest has obviously failed. It's worth taking note that the volume spikes are occurring on the breakaway days to the downside. More recently, price has opnce again rejected the downtrend without even managing to get back to the August gap. Monthly is showing negative divergence and suggests a target at the 61.8% retrace of the move that began way back in 2004.
A break above the Oct 1st high and the trend line can be used to manage risk. View has to be reconsidered above those levels.