Jd.com is yet to break out of the long-term bearish trend that began back in February 2021. We can see using the weekly chart that back in May, there was an attempt to move higher but a rejection occurred. In turn, this led to a sell-off in the weeks following. Currently, the share price of Jd.com is around $25.88 a share after potentially forming a new higher low of $23.83 last week. A move below this point could see the price retrace all the way to the bottom of this year, around $20-$21. This would potentially fade investor hopes in the company for 2024. On the other hand, a positive earnings report tomorrow may lead to another breakout attempt in the weeks to come. The primary resistance is located along the descending trendline, reading approximately $29-$30. A break above higher would certainly spark some optimism for the bulls, perhaps leading to a rally heading into Q4. We can see the bullish divergence on the MACD is still intact, a bullish divergence is when the indicator forms a higher low but the price of the asset forms a lower low. Suggesting a possible shift in underlying momentum. Additionally, the RSI is in a neutral position, adjusting itself ahead of the earnings.