$JD - RC -
Added 2024-04-26 12:20:09 +0000 UTC$JD is up 5% in the PM now too following the majority of Chinese ADRs and the market now.
The price is now above the 50 Day Ma, having used this MA as a support during the week and now above the 200 Day MA at $28.60 in the PM now.
We want $JD to hold above this MA because the channel breakout level is still significantly above that needs to be broken out of at $35.
The good news is how correlated it has been lately with the wider Chinese positive sentiment so it will likely move well with their reversal too.
Still undervalued and still attractive here in terms of risk v reward at these levels
