JD.com may rise to 31.70 - 32.70

Our pivot point is at 26.3.

Our preference

Short term rebound.

Alternative scenario

Below 26.3, expect 24.7 and 23.8.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (27.626) but below its 50 day moving average (29.9545).

Supports and resistances

33.7 **

32.7 *

31.7 **

30.8

28.63 (USD-last)

26.9

26.3 **

24.7 *

23.8 **

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