JD Stock Holds Upper Target ZoneJD.com, Inc. Sponsored ADR Class ANASDAQ:JDHKCM_GlobalJD stock continues to trade in the active green Target Zone ($28.97–$23.81). As shown in the trading parameters above, we currently have an active trade that was opened at the upper edge of the zone. However, the current lower levels could also be used for additional purchases. We’re giving ongoing wave (ii) in blue a bit more room to move lower before expecting a reversal within the zone. We anticipate the top of the next wave (iii) to break clearly above the $47.90 resistance, after which the rest of the blue five-wave sequence should unfold, ultimately leading to the magenta wave- top. At the same time, there is some risk for long positions, as our alternative scenario projects a drop below the $23.81 support (probability: 36%). In that case, our stop would be triggered.