$JD JD.COM has $80 in its sight
Indicators in bullish reversal
Earnings posted a superb beat
Analysts raising targets
9618 trade ideas
NEWS BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY JD 66.98$JD's revenues rose 33.8% to $28.5 billion, compared to expectations of $27.5 billion, as services revenue grew 36.4% and revenue from general merchandise jumped 45.4%.
JD is also building out businesses like its marketplace, adding new third-party retailers to JD Mall, and it grew revenue from its third-party logistics business by 54.4% to $2.2 billion. JD Health also raised an $830 million investment from Hillhouse Capital; its health division has grown rapidly during the COVID-19 pandemic.
1% CAPITAL
$JD.COM closes in on All Time High
Nice breakout today from pennant on high volume post earnings.
Despite the Anti-China narrative from Mr Trump the Chinese tech stocks continue to stay strong.
Tuesday may bring some continuation if BABA can also rally post earnings
JD.com Trading IdeasMarket Structure : Uptrend (based on the Weekly and Daily Candlestick Pattern)
Area of value : Resistance area (at the upper Triangle resistance line) or at Fibonnaci level 0.382 support level (where the candle lingers at 0.382 and rejected
the support at 0.50.
Strategy : Bouncing Strategy (Swing Trading, Short Term)
Entry Price : TBC
Stop Loss : TBC
Exit Strategy : Trailing Loss (following 50EMA). Or to look out for if the uptrend losses its momentum (lower swing high, and lower swing low)
Based on my analysis, it might trade at a breakout within the next few days. To wait for price confirmation within 1-2 days to see if it breakout at USD65.00.
PS: Anyone who see this, please note that this is just a trading idea for short term. I am still learning with all these technical analysis, so appreciate if you could highlight to me the area which you find disagree with. Anyway, happy trading!
Earning coming out for JD AUG 17Earning coming out for JD AUG 17
Should beat Market expectations (again)
how high it jumps on that good news i have no idea.
I put in a sell at 73 and 81.
who knows?
not me.
But
I think the next quarter will not be so good - they have to slow down growth on this site. But I don't work there so they didn't ask me.
Over all this stock can still grow. I'm long generally with it.
This is not advise just hunch.
JD Analysis Weekly
Bullish Outside Bar
Rejection of Dynamic Support & 0.786 Fib (60.83)
Upside Weekly Reversal
Daily
Bullish over 64.64
Bullish Hidden Divergence (RSI,Hist,Momen,OBV,Stoch)
Simple ABC Correction Continuation
2x Volume Spike on break of Ascending Triangle
HIST Crossover, MACD/RSI curling upward
Bullish Momentum Rising
4hr
Strong Bullish Momentum
Double Bottom + Inverse H&S
Bullish EMA Cross
Bullish Hidden Divergence (CCI,CMF)
JD setting up for a big short Still early in the process but I think JD will be setting up for a great short. Topping process should be a multi-month process and will provide confirmation before taking an entry.
JD Long Swing Trade for Week of 7.26JD looking like it wants to see some bullish action this week.
Would need the MACD to cross on the 4hr to confirm; price breaking 61.10 would
be when I would enter the trade.
Targets:
Target 1: 61.60
Target 2: 62.25
Target 3: 63.00
Target 4: 64.00
Target 5(extreme 1): 65.00
Target 6(extreme 2): 67.00
Stop: 60.00
Best of Luck,
--d0x
$JD ascending triangle #bullish #breakout on weekly #chart$JD stock price has traded around the 35.50 level for the past 5 years (dotted black line) and this level has been resistance from 2015-16 to support between 2017-2018 and then resistance again since mid 2018
After last support break the stock price drifted lower until it bottomed around 19.20 levels after the DEC'18 selloff
Since then the price has formed a nice ascending triangle from which has broken out in late DEC'19 after the announcement of Phase1 Deal between US and China
Volume is not yet what I would like it to be, but MACD and RSI have both sustained the move up
Targets are:
T1 - former JUN'18 high before the last leg down at 45.23
T2 - measured move from the triangle breakout at 51.74
Good luck,
TA
JD - opportunity to stake for a swing upAfter a few days of correction in the markets, we are starting to see technical "values" emerging. JD tested the 50% fibonacci retracement support @ 59 this morning, forming the 2nd bullish candle within 3 days. The bullish divergence between price and stochastics is also getting apparent.
Long @ 61 for a short term swing up to 69 (initial target) with an initial stop @ 59.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
JD.com: Pullback in Chinese Momentum StockThis one is short and simple: JD.com just had its first decent pullback since it started running in May.
JD has a few things going for it. First, the Beijing-based e-commerce stock spent almost all of June consolidating on either side of $60. It ripped over that level after the Independence Day weekend and has now retraced that surge. Will the old resistance zone around $60 become support?
Second, JD has tested and held its 21-day exponential moving average (EMA). The last time it did that was way back on May 6.
Third is the relative strength . Money has streamed into Chinese technology stocks because of changes in global indexes and a quicker recovery from coronavirus.
$JD Oversold at Support$JD Oversold at Support
JD.com closed down -5% today while holding $62 support from mid-June.
Looking for a bounce near term. Targeting $72.00-$75.00 range by early August.
Note: Not investment advice.
2016 Resistance Line still alive and doing its workI am really bullish on this stock long term, good management team, good business model and a very strong development in the AI sector.
But, given the pandemic we are still assisting all over the world right now, the stock has just been riding the wave - similarly to amazon, shopify, ebay and all other ecommerce platforms. But I think it's now time for a little pullback before it keeps its bull trend.
We can see the same very strong resistance line dated from 2016 that has rejected the price for 4 times already since JD's IPO . If you zoom in and have a look at the 1hr or 30min chart, you'll see that the price has struggled to stay above that line the past week.
I got in this trend when the price was still at 35 but, while I am 65% up since a couple of months ago, I am still not closing the trade because I am also a long term investor and know the potential of this business. But, considering this recent surge in price movement, I am going short on my trading account, wait for that pull back and then, go long again.
JD in a potential swing tradeJD.com remains China's biggest online retailer and if there is nothing that we learnt from COVID, online services are the few strongholds left for a safe return of investments. All around China, a revolution is occurring as traditional retailers are going bust due to high rental prices with poor sales. This coupled with ridiculously efficient delivery services that expedite online retailers to flourish when people do not really want to go to crowded malls.
In the likes of this significant shift in behaviour, brick and motar businesses are all suffering from the consumer lethargy caused by the pandemic. Online retailers with the likes of Amazon, Alibaba, JD e.t.c especially retailers with a profitable logistics system have completely taken over due to a shift in consumer behaviour. Even when COVID disappears, this onine shopping habit will already be reinforced and I foresee that habit never returning back to the 90's.
COVID has clearly accelerated all businesses who are heavily IT-dependent. When you combine that with lifeproducts, essential services, and entertainment rolled into a single platform, I do not think it is going to fail anytime too soon.
flat bottom potential long postitionpotential long position at the bottom of the triangle is recommended.
