Hong Kong stocks rebounding!
Technical Analysis of JD.com from Multi-Timeframe Perspective
Weekly Chart
From a weekly perspective, $JD-SW(09618)$ stock has shown a pattern of higher highs and higher lows, indicating a bullish trend.
The recent price movement confirms this pattern, as the stock has been making new highs and not falling back to previous lows. This is a positive sign for the long-term outlook of the stock.
The moving averages on the weekly chart have crossed upwards, which is a bullish signal.
When the short-term moving average crosses above the long-term moving average, it suggests that the price is likely to continue moving up. The current price is above both moving averages, reinforcing the bullish trend.
Daily Chart
The stock has been trading around the 162 level, with a notable resistance at 190, which is a previous high. This resistance level acts as a ceiling, preventing the price from moving higher.
The recent uptick in price suggests that buyers are stepping in, but price must ultimately close above 162 for further extension
The volume bars below the price chart show an increase in trading activity, especially during the recent rally. This increased volume supports the upward momentum but also highlights the importance of breaking through the resistance level.
If the price can surpass 162, it could lead to further gains. However, if it fails, there might be a pullback towards the support level of 150.
Summary -->Short-Term vs. Long-Term Outlook :
In the short term , the stock needs to overcome resistance at 162 and eventually 190 to sustain upward momentum.
For investors who would want to tap into opportunities without changing to HKD, then call warrant $JD MB eCW250804(44PW.SI)$ is trading at $0.068, minimum exposure is 100 units, hence $6.80 in total for 100 units.
Alternatively put warrant $JD MB ePW250603(PCSW.SI)$ is trading at $0.042, minimum exposure is 100 units, hence $4.20 in total for 100 units.
The above calculation does not include transaction costs and prices are quoted at the time of posting.
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Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
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