$JD - RC -
Added 2023-06-02 08:46:06 +0000 UTCI sometimes talk about price actions needing to recapture a support line quickly in order to save a structure and so far $JD and $BABA are doing this, it was looking bleak during the week for both of these companies and I have been calling for a stimulus announcement from the Chinese govt for a number of months now.....badly needed considering how low inflation is and the possibilities of entering a deflationary scenario.....and the rumours are that China will announce something soon, this will be a good sign for Chinese companies.
For $JD, it has recaptured this important blue line again, staying above this now and Wave C in amber, the first one, is still live.
