JD.com may rise to 29.20 - 30.10

Our pivot point stands at 24.6.

Our preference

Short term rebound towards 29.2.

Alternative scenario

Below 24.6, expect 23 and 22.1.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 26.0918 and 27.3483).

Supports and resistances

31.1 **

30.1 *

29.2 **

28.2

26.07 (USD-last)

25.2

24.6 **

23 *

22.1 **

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