JD here is the volume zone analysis, we can clearly identify the zone of interest at 22-30, and the current consolidation area; essentially this test could finanlize the market price discovery process of NOT wanting to go back into the lower zone, and thus we head into the 39-48 range (approx.), hope this makes sense and good luck.
JD The competition with MeiTuan the chinese food devliery monolith could intensify, but the truth is usually we see run up in valuation of the challenger; again be cautious and have tight stop loss of 30, this bounce could be the technical confirmation of leaving the 22-30 trading range and head into 40-52.
JD After hour 32.5 as of, which means we are seeing institutional interest at these levels, now the buy zone is 32 and 32.5, i recommend setting limit order at these levels if you wish to get in; my targets are optimistic given the recent incursion into food delivery, which actually makes sense for JD in the China macro environment.
JD Downward pressure from the food delivery subsidies is hurting the short term price. Net income is about 6 billion and they are investing about 1.35 billion into food delivery which is very unprofitable right now. However, the stock price mainly reflects excessive fear that is not reflective of its true value.
JD setting up for an uptrend, technicals kind of messy, but the price is very good, with 32 being the range floor, price targets 38-40-42; we likely wont revisit the 25-30 range anymore.
JD Stock in the starting blocks for a second green wave on the monthly macd after 2 months over the mid bollinger band as support. Weekly macd seems to be slowly drifting towards the green but that might take a week or 2 ( another red wave is unlikely as the company is doing pretty great and is undervalued).
JD Valuation here is BS²
