JD.com is on momentary downtrend

Even with the awesome spinoff of JD Health and JD logistics unit in talks of IPO, JD.Com remains to be starting on a momentary downtrend to EMA 200 for a break.

78-79 was a good support and that's why the retracement back to EMA 50 as a ceiling before breaking that level and down to EMA 200.

I am out of ammo with my shorts on SPCE last Friday so I am not entering now and hopefully will be able to enter once it retests static support turned resistance level.

Disclaimer: Do your own diligence. Not an advise to buy or sell. You can lose more than you have and I am just sharing for entertainment.