JD.com may fall to 21.10 - 22.10

Our pivot point is at 27.5.

Our preference

As long as 27.5 is resistance look for 22.1.

Alternative scenario

Above 27.5, look for 29.3 and 30.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 26.4585 and 26.8509).

Supports and resistances

30.4 **

29.3 *

27.5 **

26.7

25.81 (USD-last)

23.1

22.1 **

21.1 *

20 **

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