9618 trade ideas
JD over 86.70Weekly chart looks strong, with a reclaim of this channel it should retest the top in the coming weeks, targeting the 102.00 area based on fib and price action resistance.
JD.com inc earnings surpassed the estimate by over 1000% 2 major points why i am adding JD to my long term portfolio
1- China attack aginst alibaba, will give more market share to JD
2- earnings surpassed the estimate by over 1000% ... heavily underpriced stock!
3 -Price To Sales Ratio 1.08 ( 1-2 is good , 0-1 is excelent)
4- Price To Book Ratio 3.87 - (0-1 excelent ,1-3 ok )
$JD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $JD after a Positive over reaction following its earnings release placing the stock in drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
JD is getting ready to shoot upJD (JD.com) is currently forming a bullish divergence on the BlueWave + its oversold RSI. Big players are betting on it 2.3 Million calls. This stocks is down 7% today, which makes it discounted nicely.
Long JDClassic bullish divergence on the 4H. Using a tight stop, and also, the regulations in China should be taken into consideration. In spite of that, I see a great opportunity for a swing trade and also a long term position.
JD.com H&S Short itBounced off conformation line yesterday, let's see if a sell off today will give the nudge
50MA Conformation line -yellow line
1st target 88.60 (Redline) which is also where Fibonacci support and 100 day intersect. if it bounces off of 88.60 or near that area I will be closing my positions.
2nd target is channel bottom at around 86$
Entry - if its across conformation line 93$ or less
Stop loss at 94$
Closing position today
Double gap fill $JDshort w bearish pa aim for both gaps, take profit on large dips, possible a gap up and fade, i will update
JD Swing PlayIt's hovering over the lower BB and support area 78.15 and RSI is indicating oversold. PT = 87.5 and Stoploss 74.9.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
JD.comJingdong Retail Group, Jingdong, JD .com is a Chinese e-commerce and e-commerce company located in Beijing. Is one of the largest B2C companies in China. JD has over 441 million active customers, providing a one-stop shop for a wide range of products. JD's platform also enables local and international brands to enter the Chinese consumer market.
In the third quarter of 2020, JD .com provided a report that revenues reached 174.2 billion yuan, an increase of 29.2% over the same period last year.
I was very impressed with their report. JD is growing across the board. Their average growth rate for 5 years is 39%, for the last 3 years - 30%. JD .com shows no signs of slowing down. Despite its size, it's just amazing.
Global e-commerce sales are expected to grow 55% over the next 3 years. The combination of China's growing economy, e-commerce expansion, and JD's growth rate is the recipe for stock growth over the next 3 years.
Where does it go from here?Up an unusual 5$ premarket from news of It being added to Hang Seng index. Alerts set to see if this is a true breakout . Entry 102 . stop loss 100
