JD.com has experienced a strong bearish trend since February 2021, reaching its lowest point in 2024, near the support area of $20, with an overall loss of about 80% of its value.
By conducting a volume analysis using the Volume Profile of the entire history, we can see that JD.com was recently rejected from a significant support level, POC 1, around the $25 price zone, also breaking the descending trendline. This provides a strong signal for a potential reversal.
In a short time, the stock has reached another important volumetric area, POC 2, which could act as the first resistance level. At this point, we might observe the first reaction of price rejection.
Considering the broader momentum, particularly the economic situation in China, the stock may quickly overcome this resistance. If JD.com moves above POC 2, it would likely face few obstacles in reaching the next resistance level (R1) just below $70, given the low trading volume in this price range.
By conducting a volume analysis using the Volume Profile of the entire history, we can see that JD.com was recently rejected from a significant support level, POC 1, around the $25 price zone, also breaking the descending trendline. This provides a strong signal for a potential reversal.
In a short time, the stock has reached another important volumetric area, POC 2, which could act as the first resistance level. At this point, we might observe the first reaction of price rejection.
Considering the broader momentum, particularly the economic situation in China, the stock may quickly overcome this resistance. If JD.com moves above POC 2, it would likely face few obstacles in reaching the next resistance level (R1) just below $70, given the low trading volume in this price range.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.