JD.com may rise to 48.70 - 51.70

Our pivot point stands at 34.8.

Our preference

As long as 34.8 is support look for 48.7.

Alternative scenario

Below 34.8, expect 29.9 and 27.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (40.3403) but above its 50 day moving average (32.1793).

Supports and resistances

54.6 **

51.7 *

48.7 **

45.7

38.85 (USD-last)

36.7

34.8 **

29.9 *

27 **

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