JD.com may rise to 50.40 - 53.50

Our pivot point stands at 35.8.

Our preference

As long as 35.8 is support look for 50.4.

Alternative scenario

Below 35.8, expect 30.8 and 27.8.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (42.0698) but above its 50 day moving average (33.2983).

Supports and resistances

56.6 **

53.5 *

50.4 **

47.4

40 (USD-last)

37.8

35.8 **

30.8 *

27.8 **

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