JD.comBeijing continues to attack the tech sector, and even Katie Wood and Ark Investment Management have recently dumped shares in Chinese tech companies.
Since July 5, ARK has sold over 610,000 shares of JD. All investment companies are unanimously intimidated and announce the sale of shares of Chinese companies.
There was a significant sell-off in the Chinese tech sector on Friday, in part due to tighter regulatory controls from China. However, let's look from a technical point of view, excluding informational influence.
JD .com shares have been trading in the 70-80 channel for 3 months and amid all the news, the shares held at 70 and rebounded from it. On the daily chart, you can see the paranormal volume of sell deals, which was bought out and the daily candle with a long hairpin is a good confirmation of this. The instrument has sufficient power reserve and the stocks are stronger than the market.
Search for a long entry point at the market open, now the point cannot be determined due to fundamental news. You should wait for the start of trading. I think take Take 1 to 7 if there is good volatility.
