This one is short and simple: JD.com just had its first decent pullback since it started running in May.
JD has a few things going for it. First, the Beijing-based e-commerce stock spent almost all of June consolidating on either side of $60. It ripped over that level after the Independence Day weekend and has now retraced that surge. Will the old resistance zone around $60 become support?
Second, JD has tested and held its 21-day exponential moving average (EMA). The last time it did that was way back on May 6.
Third is the relative strength. Money has streamed into Chinese technology stocks because of changes in global indexes and a quicker recovery from coronavirus.
JD has a few things going for it. First, the Beijing-based e-commerce stock spent almost all of June consolidating on either side of $60. It ripped over that level after the Independence Day weekend and has now retraced that surge. Will the old resistance zone around $60 become support?
Second, JD has tested and held its 21-day exponential moving average (EMA). The last time it did that was way back on May 6.
Third is the relative strength. Money has streamed into Chinese technology stocks because of changes in global indexes and a quicker recovery from coronavirus.
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。