bullish

JD.com

JD.com (9618) Re Test of Low Sets up a Very Bullish 2H 2022

390 Views28 Mar 2022 09:52
SUMMARY
  • JD.com (9618) HK denotes formidable resistance at 260 that will induce a downside re test toward the low zone.
  • High sell volumes on the decline followed by weak buy volumes on the recent rise makes for a vulnerable rise with risk of a hard giveback.
  • Low re test/new low sets up a buy for a rally to 310/350 in Q3/Q4. Bullish macro A-B-C pullback sequence stands out.
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