$JD - RC -
Added 2023-05-31 15:07:03 +0000 UTC$JD could not hold the blue line and has broken down, it has also restested the blue line from below and got rejected as well, confirming this as a resistance line now....very similar scenario to $BABA too. This is now in the bear case and buy zone but I do not recommend any rush here to buy, the rejection at the blue line has just happened, usually this is followed by an an aggressive downward move if bulls do not step in quickly....so far they have not stepped in.
So I suggest waiting for support here.
Comments
could you please give an update on JD following yesterday's action. It is up to 33.5 $ now in hong kong with 15.3 million volume compared to 11 million avg. So good volume in hong kong
jals
2023-06-01 05:28:49 +0000 UTC
