JD.com may rise to 29.90 - 30.90

Our pivot point stands at 25.

Our preference

Short term rebound towards 29.9.

Alternative scenario

Below 25, expect 23.4 and 22.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 26.7433 and 28.2993).

Supports and resistances

31.9 **

30.9 *

29.9 **

28.9

26.38 (USD-last)

25.6

25 **

23.4 *

22.4 **

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