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Based on the technical indicators on NTES's 15-minute chart, there is evidence of a bearish trend. Specifically, the MACD has formed a "death cross," indicating a shift in momentum towards a downtrend. Additionally, Bollinger Bands are narrowing, which suggests that the magnitude of stock price fluctuations is decreasing. Furthermore, a bearish Marubozu candlestick pattern was observed at 12:30 on October 29, 2025, which suggests that sellers are in control of the market. Taken together, these indicators suggest that the bearish momentum is likely to continue.
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