JD.com may rise to 30.50 - 31.50

Our pivot point stands at 25.

Our preference

Short term rebound towards 30.5.

Alternative scenario

The downside breakout of 25 would call for 23.4 and 22.4.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 26.6468 and 28.9113).

Supports and resistances

32.5 **

31.5 *

30.5 **

29.4

26.33 (USD-last)

25.7

25 **

23.4 *

22.4 **

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