Shares of JD.com (JD) , the China-based company that builds platforms for e-commerce, logistics and finance are up 86% year to date. You read that right. The stock is down on Friday, so let's pay a visit to the charts and indicators.
In the updated daily bar chart of JD, below, we can see that prices have been in an uptrend from early October. The decline in March is almost not worth mentioning. Prices are moving nicely above the rising 50-day moving average line and the rising 200-day moving average line. In March the low of the month touched the rising 200-day moving average line for a very brief buying opportunity.
The On-Balance-Volume (OBV) line bottomed in October and its steady rise confirms the price gains and supports further gains. The trend-following Moving Average Convergence Divergence (MACD) oscillator has been above the zero line nearly the entire time since October and this indicator has just turned upward again for a fresh buy signal.