JD.com may fall to 23.40 - 24.90

Our pivot point is at 32.4.

Our preference

Target 24.9.

Alternative scenario

Above 32.4, look for 35 and 36.6.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (32.4388) but above its 50 day moving average (29.2267).

Supports and resistances

36.6 **

35 *

32.4 **

31.4

30.21 (USD-last)

26.4

24.9 **

23.4 *

21.8 **

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