JD.com: the Sell fades, a fresh Buy signal fires
JD.com rises 5% as the fading Sell signal gives way to a fresh Buy
JD.com: the Sell fades, a fresh Buy signal fires
Our view last week
JD.com has closed a second straight up week — 5.9% after 4.8% — and the Sell signal, now in its 7th week, is starting to wobble: the short following it has seen its gain shrink to 2.19% from 7.67% a week ago. Price is boxed between support in the 27.3 area and resistance in the 28.3 area, with the RSI back in neutral territory. For anyone tracking JD.com stock with weekly technical analysis, it's a decline on stand-by worth watching.
This week's summary
JD.com's Sell signal, which was fading last week with its gain down to 2.19%, has now switched off completely: in its place, a fresh Buy signal fires, 7th among the 20 new US Longs. JD.com stock closes the week up 5%, with three rising daily lows toward the 26 area and buyers in control on the short time frame. For anyone tracking JD.com with weekly technical analysis, the picture still calls for a measured approach: the Consumer Discretionary sector is running through a weak patch.
IQS Phase
40
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#7 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
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