Technicals of JD.com (NASDAQ: JD) for Trading: 20 January 2020

Technicals of JD.com (NASDAQ: JD) for Trading:

20 January 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for JD.com (Chinese E-commerce titan). China's SARS-like virus is spreading worse than expected. Demand for E-commerce services will be expected to heat up in the coming months. Markets will start to price in the future earnings increase of JD.com (NASDAQ: JD). The stock has broken up the black trendlines as shown. The immediate TP of the entire price structure is at least $46.00.

The Donovan Norfolk Technical Rating:
Bullish

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