JD.com may rise to 53.30 - 56.10

39.3 is our pivot point.

Our preference

The upside prevails as long as 39.3 is support.

Alternative scenario

The downside breakout of 39.3 would call for 34.7 and 32.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 32.0953 and 28.7235).

Supports and resistances

59 **

56.1 *

53.3 **

50.5

44.6 (USD-last)

41

39.3 **

34.7 *

32 **

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