JD
JD for the bullish divergence w.l.Clearly it's in a long correction. Bullish divergence is seen on 2 of the 5 indicators we look for, which is good enough to get it buy listed.
The post scan criteria factors working against us are that:
1) we are supposed to be above the 50 and 200 weekly MA's, however, we are messing around with the 50 MA at the moment, which gives indecision.
2) earnings is less than 2 weeks away. Earnings is May 10th. Earnings means possibly large volatility and strange price action.
3) above average volume on recent low. This is not present. If it was it would show us buyers like the new low prices, but not seeing that, we can not say that.
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If it wasn't for the earnings and lack of volume on recent lows I would be pretty favorable according to the criteria. It's not 5 stars, but it's probably at least 3 1/2. Worth keeping an eye on.
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I will start putting these out in the mornings if I can ever get myself figured out that early. It is kind of hard doing this knowing the futures markets are spinning, and I'm not watching them.
Has JD Drank all the Jack in the Bar?JD.com running a bit low on energy, currently walking the short term bear channel down to the longer term bull channel in play. Watching for price to break below purple line at which point the bull channel should resume. Overall longer term channel appears to be fairly responsive to price action through this point. Watching for price breakouts above the purple line, but not a lot working as of now.
China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42.
Top 5 Holdings:
Meituan (10.38%)
Alibaba (7.92%)
NIO (7.42%)
JD (6.98%)
PDD (5.94%)
New economy drives Hang Seng Tech Index to near 3-year highHappy CNY 2021. Hong Kong Hang Seng Index closes higher by 1.1% for the 2nd day after CNY holidays. Hang Seng Tech Index also rose by 2.34%. HKEX:9618 rose by 6.4%, HKEX:6618 +5.8%, HKEX:3690 +2.78%. Fast-growing new economy continues to drive HSI.
JD.comJingdong Retail Group, Jingdong, JD .com is a Chinese e-commerce and e-commerce company located in Beijing. Is one of the largest B2C companies in China. JD has over 441 million active customers, providing a one-stop shop for a wide range of products. JD's platform also enables local and international brands to enter the Chinese consumer market.
In the third quarter of 2020, JD .com provided a report that revenues reached 174.2 billion yuan, an increase of 29.2% over the same period last year.
I was very impressed with their report. JD is growing across the board. Their average growth rate for 5 years is 39%, for the last 3 years - 30%. JD .com shows no signs of slowing down. Despite its size, it's just amazing.
Global e-commerce sales are expected to grow 55% over the next 3 years. The combination of China's growing economy, e-commerce expansion, and JD's growth rate is the recipe for stock growth over the next 3 years.
JD is poised to break the counter trendline and bounce ! JD is poised to break the counter trendline and bounce ! JD is squeezed in triangular pattern and is likely to break above after hitting the -27% fib retracement target where the spike down is. If we are going to see a breakout of the counter trendline, it indicates more upside could be there !