JD.com may rise to 40.80 - 42.50

Our pivot point stands at 32.1.

Our preference

The upside prevails as long as 32.1 is support.

Alternative scenario

The downside breakout of 32.1 would call for 29.4 and 27.7.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 31.3473 and 28.5171).

Supports and resistances

44.2 **

42.5 *

40.8 **

39.1

35.27 (USD-last)

33.2

32.1 **

29.4 *

27.7 **

Number of asterisks represents the strength of support and resistance levels.