Morning Trend | NETEASE MUSIC Approaching Support, Is a Time-Sensitive Movement Coming?

NetEase Music (9899.HK) closed on January 20, repeatedly testing the support level around 80 yuan during the day. The funding mainline in the internet and entertainment sectors has retreated, and the main players are showing strong wait-and-see sentiment. The rotation of short-term hotspots is slow, and the company has no major new products or significant content cooperation announcements this week. There are rumors in the industry about marginal relaxation of audio sector regulations, but the actual effects have not been reflected in trading volume and price performance. The market is generally focused on traffic business and community matrix innovation, with sparse intraday trading and short-term buying pressure not yet increasing. Technically, MACD and KDJ are both retreating, indicating extremely cautious expectations. If the 80 yuan support holds and short-term trading volume increases, it may attract phase-specific capital speculation; conversely, if it breaks down, short sellers may take the opportunity to expand their gains and further suppress prices. Future attention should be paid to the company's upcoming new activities, new products, and marginal changes in industry policies, closely tracking trading anomalies to guard against the risk of support being breached. The operational suggestion is to prioritize defense and patiently wait for clear right-side signals