JD.Com Inc. $JD has pulled back almost 60% in 2018. It has pretty much wiped out all the games it had since the 2014 and 2016 lows around $20 to just above $50. But as price moves back towards $20, I think we should anticipate some buying with upside to the $28-$30 area .JD Weekly Chart(click to enlarge)ATLs:- The All-Time-Lows for JD is just under $20, so we are getting close.- When we look at the weekly chart, we can see a sideways market that had a failed bullish attempt.- We don't really see a bearish market unless you are just talking about 2018, which was extremely bearish.Regression:- In the bigger picture however, price is essentially sideways. In this type of market, we should anticipate a regression back towards the mean. One way to anticipate that is to look for a pull back towards the 200-week simple moving average (SMA).- For JD, this is around $32. - However, to be conservative, we should probably anticipate resistance as price comes up to the $28-$30 area, which is a key support/resistance pivot area.