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JD.com Outlook: Bullish. (Information from third-party strategies, for reference only.)

JD.com Outlook: Bullish. (Information from third-party strategies, for reference only.)

AvaTradeAvaTrade
2024-03-11
Summary:JD.com Short-term: Bullish.

JD.com Mall Short-term: Bullish.

The pivot point is: 21.6

Trading Strategy: Bullish.

Alternative Strategy: A fall below 21.6 would signal a continuing downtrend, targeting first 19.1 and then 17.5.

Technical Commentary: The RSI is above the neutral zone of 50. The MACD is bearish but above its signal line. Moreover, the price is below its 50-day moving average (24.0095) but above its 20-day moving average (23.1833).

(For reference only, from third-party strategy)

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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AvaTrade
Written byAvaTrade
Created date:2024-03-11 03:38
Last Updated:2024-03-11 05:19
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