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Stocks | Technical Analysis | Technology
Chart of the Day: JD.com Jumped. Will it Jump More?
David Russell
October 29, 2024

JD.com jumped recently, and some traders may see potential for further upside.

The first pattern on today’s chart is the dramatic rally between September 20 and October 7. The Chinese e-commerce company has shown signs of stabilizing above a 50 percent retracement of the surge, which may confirm its direction is now pointing higher.

Second, the pair of weekly lows around …

For more, please click here to view the related idea and chart analysis on TradingView.

JD.com (JD), daily chart, with selected patterns and indicators, courtesy of TradingView.
Tags: JD

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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