Monday, March 05, 2018 11:31:21 AM
JD.com Inc (NASDAQ:JD) is a leading online direct sales company that operates in China. This leading Chinese ADR peaked out on the daily chart on January 29, 2018 at $50.68 a share. Since that high pivot, the stock has made a lower high pattern. JD stock is also testing the important 200-day moving average for the second day in a row. Traders should note that if the 200-day moving average fails to hold as support this should signal another leg lower for the stock. Swing traders should note that the next major support level for JD stock will be around the $37.00 area. This important support level was where the stock was defended in December 2017. Often, this support area should be solid support for JD stock when retested.
Nicholas Santiago
InTheMoneyStocks
Recent JD News
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