$JD
Added 2024-08-15 13:25:30 +0000 UTCNo changes to the $JD chart
Earnings out this morning and the market has reacted positive to it although it was a slight miss on revenue.....by only $40 million
Price has bounced above the 200 Day MA in the PM now but this is where $JD needs to convert this level to a firm support level before it can make an attempt of breaking out of their years long downward channel
$BABA also pulled back to its 200 Day MA in the PM and has managed to hold above this level.
Strong signs here that the worst could be behind $JD, ultimately getting back above the blue support line at $29 will confirm the reversal.
