JD.com may fall to 23.00 - 23.80

Our pivot point stands at 27.9.

Our preference

The downside prevails as long as 27.9 is resistance.

Alternative scenario

Above 27.9, look for 29.3 and 30.1.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 28.097 and 30.1227).

Supports and resistances

30.1 **

29.3 *

27.9 **

27.4

26.76 (USD-last)

24.6

23.8 **

23 *

22.2 **

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