JD.com may fall to 24.50 - 26.20

Our pivot point is at 34.6.

Our preference

Target 26.2.

Alternative scenario

The upside breakout of 34.6 would call for 37.5 and 39.2.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (32.3733) but above its 50 day moving average (29.0315).

Supports and resistances

39.2 **

37.5 *

34.6 **

33.5

31.2 (USD-last)

27.8

26.2 **

24.5 *

22.9 **

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