JD is getting ready to shoot upJD (JD.com) is currently forming a bullish divergence on the BlueWave + its oversold RSI. Big players are betting on it 2.3 Million calls. This stocks is down 7% today, which makes it discounted nicely.
JD
Long JDClassic bullish divergence on the 4H. Using a tight stop, and also, the regulations in China should be taken into consideration. In spite of that, I see a great opportunity for a swing trade and also a long term position.
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 Swing PlayIt's hovering over the lower BB and support area 78.15 and RSI is indicating oversold. PT = 87.5 and Stoploss 74.9.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
JD went back to test the trendline, good entry point ! JD went back to test the trendline, good entry point !
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 Health break out to the upside ! JD health also broke out the symmetrical triangle with strong bids. Price could retest our entry where the previous swing high was before rallying further!
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 !
JD is still in correction. Gap filling might occur! JD is still in correction. Price is retesting the key 61.8% fib retracement and graphical pullback support. Gap filling might occur before a potential bounce, so better to put stop loss below that.
JD could make limited pushdown towards our pivot level! JD could make limited pushdown towards our pivot level, where the 61.8% fib retracement is. MACD is also showing that this bullish trend could enter a period of consolidation.
We have second bottom at this price levels!double bottom and the reversal is begining for 161hk again!
today's target 168,1the decline has finished ,it closed too far away for the days lows and price target min for trading daily is 168,1
