JD.com (JD) is down sharply Monday morning, so let's check on the charts. In our last review of JD back on March 11 we wrote that "JD was trading higher on a Q4 earnings beat, according to media reports. The $85-$80 area seems to be pretty good support but the bearish divergence from the weekly OBV line tells me to not rush to be a buyer."
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Let's see how the charts look before earnings Wednesday night.
Homebuilder sentiment just hit its lowest levels since June of 2020.