Alibaba - don't miss this train!Technicals
There has been no divergence with RSI and the OBV and trade price. They are steadily growing. ----> BULL
DI+>DI- (positive directional index just crossed above the negative) ---> BULL
MACD>MACsignal (MACD just crossed above the signal) -----> BULL
Fundamentals
Alibaba reported earnings yesterday (Aug15th) continued positive non-GAAP earnings of $1.84 per share, 45.98% above the same quarter a year ago, beating the mean consensus estimate of $1.51.
All analyst price target values are above $200 (17% above current price @$170)
Risks
JD.com who is a competitor, is doing great.
Trade war between China & USA.
JD
JD Sports Going SidewaysLast post: July 31st 2019. See chart .
Review: Price was trying to break through resistance.
Update: Price failed to break resistance and is now stuck in a period of consolidation.
Conclusion: We need to wait and see if price breaks through the consolidation support or resistance level.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports Ready To Break ResistanceLast post: September 12th 2019. See chart .
Review: Price had been creating new all-time highs before forming a deep pullback.
Update: Price is looking bullish again but there is a resistance level standing in its path.
Conclusion: If price can successfully break and close above resistance then we should be presented with long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
My Daytrading watchlist for May 6 2019 (JD)Starting today i will publish my trading ideas and stock watchlist, i am a new day trader so please do your own analisys and trade at your own risk.
As i am starting today I will provide Tech analisys for only one Stock but i think it can work.
Today NASDAQ:JD its breaking its trendline/support on the Daily chart, it is a nice setup and we can go short to the next support that is the 200SMA, Spy its selling off, so i will wait the first 5-10 mins out of the open before opening a position.
Good Luck!
My advise its only for educational purposes!
Arrows say it all.... hopefully JD oooooooooo JD are we creating a cup n handle? because it really looks like were creating a cup n handle short term Flag forming will drive price to 33 to finish the cup but then quickly turn after earnings on the 8th to start the handle formation bring the price to around 24 and a 22 for an extended correction wave. Obviously like most patterns this could be rejected and turn into something else but i like to think this plays out :)
White lines are resistance and support aswell as the fib lines being support for the handle.
overall view of past year
yellow lines are for the previous trend breakdown of the triangle but can be used as trend resistance/retest. It looks to have hit target if we played that previously (which I didn't) just showing it since it played out in purple.
If the cup and handle DOES end up forming correctly we should see a growth to a range of 45 and 46 doll hairs within the coming months shown in the white boxes.
enjoy everyone remember play whats already in front of you so the flag first flag breaks out play the head and shoulder top if it forms etc etc.
careful trading everyone and lets make this bread bread
Leroy out!
oh yeah and if the Cup n Handle fails I expect something of this nature because the volume in the middle of the dish has me a bit worried that this is a false pattern.
JD LONG !!! Following the uptrend channel since 20$JD has been following the uptrend channel like a Boss !!! Weekly clearly shows how it is going to maintain the channel and ride to 40$
Also the 50 and 200 day EMA crossover is going to happen soon which is highly bullinsh.
Wait back for some pullback, buy more and ride the uptrend.
I would keep a conservative next target of 32$
Some key highlights of JD (source- google)
For example, JD's top investors are Tencent (NASDAQOTH:TCEHY) and Wal-Mart (NYSE:WMT), which respectively own about 20% and 10% of the company. Tencent owns WeChat, the most popular messaging app in China, while Wal-Mart operates over 400 stores across the country. The three companies now pool their user and customer data, offer mutual discounts, and accept payments with Tencent's WeChat Pay
But that's not all. JD also recently integrated its e-commerce features into online search giant Baidu's (NASDAQ:BIDU) app, and invested in flash sale site Vipshop (NYSE:VIPS), which ranks a distant third in the Chinese e-commerce market. Simply put, Alibaba has more market clout, but JD.com has more allies
The key takeaways
JD is a volatile stock and isn't for queasy investors. But it also should never be dismissed as a "second-rate Alibaba", especially when its growing market share, expanding ecosystem, rising revenues, and improving profitability suggest otherwise.
JD.com (NASDAQ: JD), China's largest direct retailer, recently partnered with Japanese e-commerce giant Rakuten (NASDAQOTH: RKUNY) to launch an unmanned delivery service in Japan.
That's why JD is buying back its own stock, and why Tencent (NASDAQOTH: TCEHY), Walmart (NYSE: WMT), and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google all hold stakes in the company. It might be smart to follow their lead