Descending triangles tend to be bullish consolidation pattern. Confirmation will be achieved upon breakout of the triangle. Long positions would be promising to open in the range of $21-24 with a short term target of $30-31. Longer term we think this stock can go back to $100.
$JD - JD.com saw a big $10M+ bearish bet today via the Jan'19 $70 Puts (very deep in the money - current stock price ~25.50) with 2,400 contracts purchased for ~$4,400 per contract. The chart supports the bearish prediction with the price having been respecting the 50d ema for the majority of the summer on the 2H chart. Medium term target - $23.00-23.50 area by...
September is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China. By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the...
This is a supplement to my previous analysis however we now include a performance comparison to JDs peers. One of the trends taking place in my portfolio is an increased weighting in China's technology sector. Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a...
One of the trends taking place in my portfolio is an increased weighting in China's technology sector. Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a blatant valuation discount to the U.S. Within the last few months the BAT stocks Baidu BIDU, Alibaba BABA and...
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY*** Fundamentally, Apart from what people think about the CEO's criminal charges, contrarian thinking, that changes nothing in terms of business structure, fundamentally ly JD.com still is the second largest shopping website. Now, let's look at the chart, the H&S pattern is...
Price has reached 3M demand on JD, triggered long here on the MN. This is a long term investment for me so I purchased the stock, will also be looking for an options trade if we start to see bullish moves on the WK chart. Price is way too low to think about shorts, longs only!
For me JD.com will be a nice furture investment to battle Alibaba and Amazon, but by now they just don't make any profits and the chart tells the same story. Buying opportunity at around 20 $ for a long run up. Just my opinion so make your own research and like always May the markets be with us
BABA has a bullish gartley pattern here while its peer JD.com is having some troubles recently. As it's actually not really a systematic risk on the sector but some personal affairs, it may create some buy-low opportunity for BABA. Based on the pre-market movement, BABA currently is at the 167.00 fig spot. Of course I have no intention to catch the falling knife,...
I believe $JD is good for a bounce here with a target up to near the 50 week MA(blue). As you can see in the chart, JD has had a head & shoulders neckline break very similar to one in the past. In both instances the 7, 8, and 9 candles are trending upward. Presently, this week's candle is right on the 200 week MA (yellow). Using TD_sequential, we should see a...
JD is forming the right shoulder of a long term head and shoulders formation; Aug'17 left shoulder and Jan'18 head. Downside target to neckline is $34, -10%. ABCD completion from the Jan'18 peak will imply a downside target of $29, -24%.
I feel this company has a good future and agree with their focus on expanding their logistics to bring better services to their clients. Without a good logistics group the system will fall apart. I would be looking for a similar pattern of a double bottom it had from April to Early June. Could last a bit longer this time as earnings are set for sometime in November.
Earnings coming up soon and I like JD overall. Low part of the range after a great 2017. I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr. This trade is around a 5% cash ROC within the next 35 days. I'll go for 50% W or continue rolling this position out, collecting credit through time.
NYSE:BABA is looking very good on multiple timeframes (4h, 1d, 1w and smaller timeframes). I'll highlight the bigger timeframes to give the big picture. Overall: Baba successfully tested both the support from the bigger and smaller falling wedge. Eventually, baba broke out of the smaller falling wedge. Also, you can see bullish divergence for baba on the...
JD on Weekly Looks Great. Target 50 + with little risk on downside.
JD is at a perfect buying location for a move higher for the longer term I will be buying 6 month Call options on this stock at this entry level.
$JD Swing trade plan - Nice consalidation around $38
Trade set up on chart. Executed for $.15 credit. ROC: 15% (7.5% if managed at 50%), with more upside available in the call spread.