JD.com $JD has been rallying after completing a rounded bottom that spanned several months since September 2018. I think if price can push above $30, it has the $35-$36 area in sight. JD Daily Chart(click to enlarge)Rounded Bottom:- On the daily chart, we can see that price action has been in a rounded bottom since September, with a neckline around $26. - JD broke above this resistance at the end of February, and is now extending the bullish breakout.- The RSI pushing above 70 also signals revival of bullish momentum.- Also, price has crossed back above the 200-day simple moving average (SMA), another sign that the market has shifted away from the prevailing bearish trend into a sideways or even bullish mode.- Finally, we should note that there is relatively strong volume as price broke out of the rounded bottom, which is a sign that suggests this breakout will hold. - The upside however is limited because of the prevailing downtrend, which set a key resistance in the $34-$36 area. - I think if price pulls back and holds above $24, there should be upside to $35.- A break below $23 on the other hand would suggest further consolidation, with a possible a bearish push back towards $20 or even lower.