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JD.com: Is This Chinese E-Merchant Leaving the Station?

NASDAQ:JD   JD.COM INC SPON ADS EACH REPR 2 ORD SHS CLASS A
JD .com is the No. 2 Chinese tech stock tradable in the U.S. behind Alibaba (by market cap). It broke out to a new 52-week high just a week ago, followed by a quick pullback. Buyers defended its price around $42, which marked weekly closes several times since January. This same level now provides a potential risk-management and entry zone.


JD’s has had strong earnings , fighting its way back from a steep pullback in 2018. It also stands to benefit from the general influx of capital into Chinese equities after global indexes were changed last year.

JD has made a series of incrementally higher lows since June 2019, while remaining above its 200-day simple moving average . It managed this feat even at the most bearish moments of the coronavirus correction -- unlike almost every other stock during the crisis.

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