bullish

JD.com

JD.com (9618) Re Test of Low Sets up a Very Bullish 2H 2022

343 Views28 Mar 2022 09:52
SUMMARY
  • JD.com (9618) HK denotes formidable resistance at 260 that will induce a downside re test toward the low zone.
  • High sell volumes on the decline followed by weak buy volumes on the recent rise makes for a vulnerable rise with risk of a hard giveback.
  • Low re test/new low sets up a buy for a rally to 310/350 in Q3/Q4. Bullish macro A-B-C pullback sequence stands out.
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
  • Unlimited Research Summaries
  • Personalised Alerts
  • Custom Watchlists
  • Company Analytics & News
  • Events & Webinars
or
Trusted by:
Bloomberg
Societe Generale
SGX
Sequoia
Interactive Broker
Refinitiv
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Logo
Thomas Schroeder
Chart based progressive global trading strategies
Chart Partners
Multi-Asset
Price Chart(Sign Up to Access)
analytics-chart
x