Chinese E-commerce company JD.com $JD was bearish in 2018, but has been consolidating throughout 2019.JD Daily Chart(click to enlarge)Price Bottom?- So far in 2019, price action consisted of 2 patterns.- First there was a rounded bottom that started at the end of 2018, with a neckline around $26.- Price broke above this pattern in late February, and ended up developing a range between $26 and roundly $36.- The 2 patterns put together reflects a market that is developing a price bottom. - A break above $32 would confirm the price bottom. - Recently, price was able to hold above $28.50 instead of falling back to the $26 range support.- This is a subtle bullish signal. - With this slight bullish signal, I think price will be able to break above $32 and end up challenging a previous support around $36 as a potential resistance.JD Weekly Chart(click to enlarge)