Previous Target MET for JD ~ Next Alibaba???First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, here are my thoughts. Last drawing/chart trendline prediction I did, the pattern followed almost the exact same price correlation as a short when I was bullish. I still am expecting JD to even have some more growth in this whole "golden" period for internet retail. I may even say Alibaba may need to watch their backs on where JD is heading. They already been having insane revenue growth the past few years. Infact if you compare the revenue vs. market cap action going on, JD is either considerably under rated or Alibaba is way too over valued. I don't think Alibaba is at all over valued, which leads me to believe that JD is under rated.
Jdcom
JD: $50 Short Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. JD is currently on a bullish run and just in March it was nearly 25% lower in price, now currently it is at the $44.76 price point and with it going up 3.37% today, I expect quite soon it is about to pass the $50 threshold and have a continued bullish run or maybe even a rally.
JD Symmetry JD has formed a falling wedge, which has sparked a bull run leading to the formation of a diamond top with a double Adam structure, consequently this top created a bearish run pushing the price down to ~ $19, since then a bearish ascending wedge has formed, this may induce a movement similar to that before the falling wedge, indicated by purple fractal. Some beautiful symmetry.
JD - Cup n' handle?Cup and handle pattern possibly forming on JD 1H. Stop just below handle, price target double height of handle pattern. Fundamentally solid company that was hammered down due to trade dispute and allegations against CEO over past year. Growing in dominance in SEA countries (particularly Indonesia, a large and growing market for them).
JD: Strong bottom ideal for swing trading AND longer-term holdsJD.com Inc. has a solid and strong bottom formation that is working on completion, which will provide strong support for the next uptrend. These technical patterns are ideal for momentum and swing trading, position trading and also for long-term investing because the long bottom formation is built on Dark Pool accumulation.
JD.inc Long IdeaHi guys ! Post my recent idea for a long position at JD.com. Technicaly the Vortex Index tends to crossover because -VI reached high oversold levels and it is a solid signal for a trend swing. Also the bottom bollinger points no further breakout. Also ADX tend to find a direction. From a fundamental scope the recent Trump- Xi "deal" could boost the stock and trading for higher prices . My target is at 36$, whats yours? Hope you find it usefull
Bullish on the Chinese tech sector, 5 must have stocksSeptember is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China.
By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the technicals point to healthy upside going forward.
The following 5 Chinese tech assets are hovering around their Point of Control POC: price point with the highest trade volume and are showing signs of recovery using a number of indicators. We use the China 50 Index as a benchmark for these assets.