A bottom for JD.com?

Nov 23, 2018

As you can see from the picture, a classic bottom divergence pattern forms. Once we see a 'gold cross' of MACD in next week(usually it takes 3-4 days to happen), a short term buy is suggested.

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Nov 23, 2018

Note

I would like to share another mid term bottom sign of JD.com to you. Usually we can calculate the down range by measuring the spread between the top and bottom price in a head structure. In this case, the spread between the historic high point and the neck point is around $15.5, and the from the neck to current price is almost another $15.5 downgrade. This could indicate a mid term bottom for JD. Thus I think in a short term, currently price is in a safe region. Another thing to mention is that, the current price has already dropped below the initial offering price, so It's unlikely to have a big drop in a short term.

Please refer to the link below for the calculation of the drop range.