JD.com ST : rebound towards 37.60

Our pivot point is at 31.58.

Our preference: rebound towards 37.60

Alternative scenario: below 31.58, expect 29.55 and 28.34.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 33.17 and 33.93).

Supports and resistances:

40.07 **

38.84 *

37.60 **

36.37

33.17 USD - last

32.37

31.58 **