JD gonna be looking for high volume quick recovery back into 32 and above after touching the 30 buy zone, that will validate the trading range and see rally to 40 for August earnings, should be on track to 45+ before year end.
JD Chart not is looking good, this just can be changed if the company decides to stop the war prices in the new business model. Basically the company is selling services below the operating marging to get quota and that is erasing the profits of his core ecommerce business so the overall net profit will be damaged...
JD steadily accumulate, next buy zone on weekly time frame at 30; price targets lag and mean nothing, target is moved down when distribution is complete and moved up after accumulation is finished; funds only tell you to sell, after they all sold.
JD relative performance vs BABA, technical showing a near term pivot for capital, could see JD out performance vs peers upcoming few sessions.
