JD.com may fall to 21.10 - 22.10

Our pivot point is at 27.

Our preference

The downside prevails as long as 27 is resistance.

Alternative scenario

The upside breakout of 27 would call for 28.6 and 29.6.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 26.4378 and 27.6771).

Supports and resistances

29.6 **

28.6 *

27 **

26.3

25.45 (USD-last)

23

22.1 **

21.1 *

20.1 **

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