JD.com may rise to 32.70 - 34.00

Our pivot point stands at 26.1.

Our preference

The upside prevails as long as 26.1 is support.

Alternative scenario

The downside breakout of 26.1 would call for 24 and 22.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 26.406 and 27.0839).

Supports and resistances

35.3 **

34 *

32.7 **

31.4

28.19 (USD-last)

27

26.1 **

24 *

22.7 **

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