Subsidy wars weigh on sentiment; JD.com remains weak in its rebound without reclaiming 117.940

JD.com-SW is currently trading at 117.30, with short-term rebound momentum weakening. The stock price is below the 5-day line at 117.940, the 10-day line at 120.220, and the 20-day line at 115.503. The current price is also slightly above the middle Bollinger Band at 115.503. However, the stock remains above the 30-day line at 112.485 and the 60-day line at 107.907, indicating that the medium-term structure has not been completely broken.

Comments focus on food delivery subsidies, stagnant stock prices, being trapped in positions, and bearish pressure. Some investors believe the food delivery subsidy is consuming capital and are concerned about insufficient growth momentum once subsidies stop. Others note that the stock price has consistently failed to break through key levels, leaving them stuck with losses, unsure of what to do next.

Market sentiment is weak, primarily driven by disappointment and a wait-and-see attitude. Although some investors are gradually adding positions or focusing on dividends, mainstream commentary is more concerned about whether the subsidy war will drag down profitability and whether 115.50 becomes a short-term resistance level. Overall, the market has yet to form a consensus for a strong rebound.

Common concerns focus on three points: whether 115.503 can be reclaimed, whether subsidy wars affect valuations, and whether to continue holding after being trapped. Technically, 115.503 is the first recovery level; if it can break above this and further surpass 117.940, there may be a short-term opportunity to retest 120.220; if 112.485 is breached, one should beware of downside risks towards 104.927.

For short-term strategies, defense remains key at this stage. Before reclaiming 115.503, JD.com's stock still appears weak in consolidation; if the rebound is capped at 117.940, a retreat could happen again.

JD.com-SW (09618)

Key deployment: Conditions for a rebound exist only after re-breaking above 115.503 and 117.940; upside target is 120.220; if 112.485 is lost, protect against a test of 104.927.

Strategy One | Rebound Deployment After Retaking 115.503

26873 | Strike Price 139.718 | Actual Leverage 4.5x | Mid-out-of-the-money deployment, suitable for capturing early rebounds after retaking the pivotal level.

27860 | Strike Price 139.718 | Actual Leverage 4.7x | Slightly higher flexibility, ideal for when rebound momentum strengthens.

26487 | Strike Price 139.71 | Actual Leverage 4.7x | Balanced terms, suitable for following through after confirming a rebound.

Strategy Two | Chasing 120.220 After Breaking Through 117.940

26873 | Strike Price 139.718 | Actual Leverage 4.5x | Flexibility remains towards upper resistance, suitable for chasing extended rebounds after a breakout.

28241 | Strike price 140.99 | Actual leverage 4.7x | Moderately out-of-the-money, suitable for capturing faster upside after short-term strength resumes

25739 | Strike price 139.618 | Actual leverage 4.4x | Relatively lower volatility, suitable for phased deployment after breakout confirmation

Strategy Three | Breakdown below 112.485 to guard against pullback

27120 | Strike price 94.95 | Actual leverage 5.6x | Mid out-of-the-money bearish deployment, suitable for capturing extended pullbacks after support breakdown

28289 | Strike price 96.13 | Actual leverage 3.8x | Longer maturity, suitable for more stable defense

28017 | Strike price 94.95 | Actual leverage 5.6x | Higher leverage, suitable for use when the downtrend accelerates

Reminder: This article does not constitute any investment advice.

This article is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive assessment of asset performance should combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.

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