JD.com may fall to 24.60 - 25.60

Our pivot point stands at 30.3.

Our preference

The downside prevails as long as 30.3 is resistance.

Alternative scenario

The upside breakout of 30.3 would call for 31.9 and 32.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 29.8275 and 29.9441).

Supports and resistances

32.9 **

31.9 *

30.3 **

29.6

28.68 (USD-last)

26.5

25.6 **

24.6 *

23.7 **

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